business
May 12, 2020
Adviser says $1.8bln loan rescheduling under process
ISLAMABAD: Pakistan is about to get $1.8 billion of its foreign loans rescheduled to have a temporary buffer in repayments and shore up its financial position jolted by the novel coronavirus pandemic.Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh on Monday said the loans due in debt servicing to G20 countries till December 2020 are under process of rescheduling. However, he said the government is not going for any commercial loan rescheduling until now.The finance adviser...