They called for the anti-debt campaign on a vast level aimed at cancelation of debt of Pakistan. He urged the donor countries and the international financial institutions (IFIs) to cancel Pakistan’s foreign debt.
They asked them to extend grants to Pakistan instead of loans. It was nothing short of a crime that a poor country like Pakistan was being deprived of such a heavy amount every year in the repayment of its foreign loans, they said. They urged that an immediate debt write-off was required to ensure that the emergency aid does not get consumed in debt repayments.
MCCI President feared that if Pakistan sees a serious outbreak than the government’s efforts to revive the economy may go down the drain. He said that he feared that such consequences would be faced by every developing nation. If it spreads, we will all have problems with our health facilities. We just don’t have that capability. We just don’t have the resources.
He also urged the government to stand up and say no to international financial institutions. He called upon the political forces and civil society organisations to get together for an anti-debt campaign and support the PM in this regard.
