No Result
View All Result
Monday, June 9, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Japan agrees to defer $200mn debt for Pakistan

MM News Staff by MM News Staff
October 23, 2021
The total amount of deferred debt has reached approx. $570 million. Source: FILE.

The total amount of deferred debt has reached approx. $570 million. Source: FILE.

ISLAMABAD: The governments of Japan has agreed on debt deferral amounting to $200 million for Pakistan as part of the second phase of the G20 Debt Service Suspension Initiative (DSSI).

Pakistan and Japan had earlier agreed on the first debt deferral amounting to approximately $370 million on April 27, 2021, under the same initiative.

The total amount of deferred debt has reached approx. $570 million, which will widen the fiscal space for the Government of Pakistan to restore its economy affected by the COVID-19 pandemic.

The concessional loans, subject to debt deferral, have been utilised for infrastructure development such as roads, tunnels, power plants and grids, irrigation, water supply, and drainage facilities in Pakistan from the early 1990s to the mid-2010s.

These concessional loans have favourable conditions for Pakistan in terms of low interest rates, long grace and repayment period. Under the second agreement, repayments for the debt and interest due between January 1 and June 30, 2021, will be rescheduled after December 15, 2022.

In addition to the debt deferral, Japan has also extended a total of $23.5 million in grants to Pakistan for supplementing its counter-COVID-19 measures including the delivery of diagnostic kits in February 2020.

READ MORE: Japan provides $6.59mn equipment to store COVID-19 vaccines

From April-May 2020, the Japanese government disbursed a total of $7.41 million to UNICEF, IOM, IFRC, UNHCR and UNOPS for providing hygiene items and alternative learning opportunities, and training health workers.

In December 2020, Japan provided grant assistance of $9.5 million to NDMA for procuring medical equipment and in March 2021, it provided rant Assistance of $6.59 million to UNICEF for improving the vaccine cold chain.

Ambassador of Japan to Pakistan, Mastuda Kuninori, who is about to be transferred to the Japanese Embassy in Ukraine after nearly three years of his tenure in Pakistan, said, “I am aware that Pakistan’s COVID-19 affected economy is on a solid recovery path, including the prospect of higher GDP growth.

Japan and Pakistan will celebrate the 70th anniversary of the establishment of diplomatic relations next year.
“I strongly hope that a new chapter will be carved in the history of our friendship on the basis of Japan’s development cooperation in the past decades.”

Tags: Japanpakistan
ShareTweetSendShare
Previous Post

SAPM Jamshed Cheema resigns to contest NA-133 bypolls

Next Post

Japanese ambassador pays farewell call to COAS Bajwa

Related Stories

Bhatta Chowk cattle market
Bakra Eid 2025

Over 1.1 million sacrificial animals sold in Punjab ahead of Eidul Adha

June 9, 2025
Business & Stock

Federal budget 2025-26 to be presented tomorrow

June 9, 2025
Business & Stock

Major targets missed as Pakistan’s Economic Survey 2024-25 to be presented tomorrow

June 8, 2025
Business & Stock

Motor Dealers Association hopes govt will ease used vehicle import restrictions

June 8, 2025
(APP)
Business & Stock

Karachi’s Northern Bypass cattle market sees over 150,000 animals sold since April 19

June 7, 2025
Business & Stock

Budget 2025-26: Govt to increase withholding tax for non-filers

June 7, 2025
Pakistan’s Minister of State for Crypto and Blockchain Bilal Bin Saqib meets New York City Mayor Eric Adams (left) in NewYork City on June 6, 2025. (Pakistan Crypto Council)
Business & Stock

Bilal Bin Saqib meets New York City Mayor to strengthen bilateral cooperation

June 6, 2025
Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Govt likely to impose 18% sales tax on solar panels in budget 2025-26

June 6, 2025
Online file photo
Business & Stock

SSGC issues gas supply schedule for Karachi during Eidul Adha

June 5, 2025
File photo
Business & Stock

Rs343 million renovation plan for PM Office in budget 2025-26

June 5, 2025
Next Post
Japanese Ambassador Kuninori Matsuda pays farewell calls to COAS Bajwa. Source: ISPR.

Japanese ambassador pays farewell call to COAS Bajwa

Trending Stories

Bhatta Chowk cattle market
Bakra Eid 2025

Over 1.1 million sacrificial animals sold in Punjab ahead of Eidul Adha

by MM News Staff
June 9, 2025
(Representational Image)
Crime

Mandi Bahauddin woman murders 8-year-old daughter to facilitate second marriage

by MM News Staff
June 9, 2025
Business & Stock

Federal budget 2025-26 to be presented tomorrow

by MM News Staff
June 9, 2025
Muhammad Asif Hafeez. — (Image: Geo News)
Crime

US court sentences Pakistani businessman Asif Hafeez to 16 years in prison on drug charges

by MM News Staff
June 9, 2025
At least five firefighters injured as portion of building collapses.
Top News

Five injured as firefighters continue to battle blaze at factory in Karachi’s Landhi

by MM News Staff
June 9, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Bakra Eid 2025

Eidul Adha holidays: PDMA issues heatwave alert

by MM News Staff
June 5, 2025

Punjab Provincial Disaster Management Authority (PDMA) has issued an alert regarding temperature rise and...

representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
Image: ET

Weather updates for Karachi and other parts of country

June 5, 2025
See all

Prices

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Govt likely to impose 18% sales tax on solar panels in budget 2025-26

by MM News Staff
June 6, 2025

Pakistan is poised to introduce major changes to its taxation framework in the upcoming...

Karachi consumers get Rs2.99/unit relief, power rates hiked elsewhere

June 5, 2025
(File)

Gold price increases Rs4,300 per tola

June 5, 2025
(Representational Image)

Will govt scrap solar net metering in budget 2025-26?

June 5, 2025
See all

Transport News

Lack of adequate public transportation facilities in Karachi has made rickshaws a popular transport.
Top News

Sindh govt bans four-seat rickshaws in Karachi

by MM News Staff
June 6, 2025

The Sindh government on Friday banned four-seater rickshaws in Karachi, while a decision has...

Air Karachi granted regular public transport license

June 5, 2025
(Representational Image, Credit: ProPakistani)

How to apply for Punjab electric taxi scheme

June 4, 2025
file photo

Govt rolls back fare hike for Islamabad bus services

June 4, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.