The G20 Countries have announced their decision to include Pakistan in the group of countries that are going to be offered Debt Relief on all kind of interest and principle payments to official bilateral creditors.

This decision was taken in a meeting of G20 Countries that was held at Riyadh. This meeting was held as a result of IMF and World Bank’s appeal about the extension of debt relief to the countries who are suffering economically and let them fight this global epidemic COVID19 using all of their resources.

There are total 76 countries which are categorized under World Bank’s international development association (IDA) and Pakistan is one of these 76 Countries.

This debt relief extension will start from 1^st of May till 1^st of December. There is also a chance to extend this date until June 2021 depending on the ongoing situation of COVID19 crises.