ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said that the government is in contact with the world financial institutions including World Bank, International Monetary Fund, Asian Development Bank, and other conventional banks for seeking assistance regarding writ off facility of debt for underdeveloped nations.
Talking to media, he said, “We will have to approach to international banks, ADB and IMF, for availing 600 million dollars loan, besides, one and half billion rupees from other conventional banks to meet the uprising challenges.”
The minister admitted the figures of declining imports and exports in the country due to fighting against coronavirus pandemic encircling almost all the nations around the world.
The Minister said the government is monitoring the evolving situation day by day due to coronavirus in the region.
