155 countries including India call for waiver of outstanding loans against Pakistan

ISLAMABAD: As many as 155 world countries including India have called upon the international community to waive or reschedule the outstanding loans against Pakistan being hit by the disastrous flood.

According to senate secretariat spokesman and IBU sources this demand had been made through a resolution unanimously adopted in favour of Pakistan on the occasion 123rd session of inter-parliamentary union.

Speaker of lower house of Indian parliament not only cast vote in support of this resolution but also stressed that flood stricken people of Pakistan be helped out.

Members of parliament and associate members of parliament from 155 countries urged that the international community, donors, international financial institutions, organizations, private sector and civil society should extend help to Pakistan in the ever worst situation being faced by it so that it could counter the annihilating effects of floods. Therefore, it was imperative that outstanding international loans either be written off or rescheduled in respect of Pakistan.

Pakistani products be also given access to international markets in order to provide relief to Pakistan. Investment be made in medium and long term projects in Pakistan for recovery of its economy, they added.

Sources told that member countries had reiterated their resolve to place this resolution before their respective parliaments and legislation would also be enacted in this respect.

It may be recalled that senate chairman Farooq H Naik and deputy speaker national assembly, Faisal Karim Kundi have represented Pakistan in IPU conference.

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