In this regard, the 3rd agreement between Switzerland, represented by Ambassador Bénédict de Cerjat, and the Ministry of Economic Affairs of Pakistan (EAD), represented by the Federal Secretary, Mr. Mian Asad Hayaud Din was signed at the EAD on 15 June 2022. Prior to the signing ceremony, the Ambassador had a meeting with H.E. Mr. Sardar Ayaz Sadiq, the Federal Minister for Economic Affairs of Pakistan, where issues of mutual and bilateral economic interest between Switzerland and Pakistan were discussed.
Signing ceremony of the last tranche of the Agreement between Switzerland and Pakistan concerning the Debt Service Suspension Initiative
Local news, 15.06.2022
The World Bank and the IMF had urged the G20 countries to suspend temporarily debt-service payments of 73 developing countries affected by COVID. While recognizing this Debt Service Suspension Initiative (DSSI), Switzerland as a bilateral creditor to Pakistan had also extended debt relief to Pakistan by signing three agreements concerning the extension of the DSSI.