Qureshi’s statement came just hours after finance ministers of G-20 countries announced a major debt relief for 76 developing nations that included Pakistan. Asked to share the benefits for Pakistan, the foreign minister said Pakistan annually spent $10 to $12 billion on debt servicing. He said while the details were being worked out by the finance ministry, the impact of debt relief for Pakistan would be ‘substantial’. On April 12, he formally launched an appeal urging the international financial institutions and developed world seeking debt relief. The foreign minister said the decision of G-20 was historic and would give major relief to the developing countries.

Source: The Express Tribune April 16, 2020 08:57 UTC