US defers repayment of $132 million debt Pakistan owe

Islamabad: The United States on Friday deferred $132 million loan owed to Pakistan.

According to the US Embassy, US Ambassador Donald Bloom signed the US-Pakistan agreement.

The embassy said that the United States has delayed repayment of $132 million owed to Pakistan and this agreement has been made under the G20 debt deferral initiative.

Ambassador Blome today signed the second U.S.-Pakistan bilateral agreement under the #G20 Debt Service Suspension Initiative, providing $132 million in U.S. debt relief to Pakistan. Our priority is to redirect critical resources in Pakistan. pic.twitter.com/UlwFzoXPWw

— U.S. Embassy Islamabad (@usembislamabad) September 30, 2022

According to the US Embassy, our priority is to redirect critical resources in Pakistan.

Foreign Minister Bilawal Bhutto Zardari met the American counterpart in Washington in the past few days.