ISLAMABAD: The United Nations Development Program (UNDP) has called for a moratorium on Pakistan’s debt payments, according to a report published in the Financial Times, in order to restructure the debt with Pakistan’s creditors.
According to a report published in the British newspaper Financial Times, the United Nations Development Program (UNDP) has insisted on suspending Pakistan’s debt payments.
According to the report, Pakistan should suspend international debt payments, reschedule debt with creditors.
According to the report, Pakistan’s financial crisis has worsened during the recent floods and there is a need to prioritize flood disaster financial assistance instead of paying off Pakistan’s debt.
According to the report, the damage in Pakistan is estimated at 30 billion dollars, more than 30 million Pakistanis have been affected by the floods and billions of dollars have been lost.