Islamabad (Web Desk): Pakistan and France have signed an agreement for the suspension of loans amounting to $107 million under the G20 Debt Service Suspension Initiative (DSSI).
“The Government of Pakistan signed a Debt Service Suspension Agreement with the French Republic, amounting to suspension of loans worth USD 107 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework,” the Economic Affairs Division said in a tweet.
“The amount, initially repayable between Jul - Dec 2021 will now be repaid over a period of six years (including one-year grace period) in semi-annual instalments,” it added.
The agreement was signed by Ministry of Economic Affairs Secretary Mian Asad Hayaud Din and French Ambassador Nicolas Galey.