The United Nations report has expressed fear that Pakistan may suffer bankruptcy if the loans are not discounted.
UNDP, a subsidiary organization of the United Nations, will submit the report to Pakistan next week. The report has asked countries and institutions to make concessions in payments.
According to the report, in the current situation, Pakistan cannot afford to repay the debts.
Finance Minister Miftah Ismail says that the head of the IMF has given an indication of relaxation in the repayment of Pakistan’s loans. The IMF can also provide more loans to Pakistan.
He says that the IMF has been informed about the economic situation of Pakistan and the disasters of floods.
