ISLAMABAD    -   Washington on Friday rolled over an agreement to suspend service payments on $132 million of Pa­kistan’s debt, the U.S. embassy in Islamabad said, after devastating floods exacerbated the South Asian nation’s economic crisis.

Pakistan’s economy faces a balance of payments crisis, a widening current account deficit, a slide in its currency to historic lows, and inflation cross­ing 27%. Severe floods engulfed large swathes of the country in late August, killing more than 1,500 people and causing damage estimated at $30 bil­lion. The devastation fanned fears Pakistan would not meet its debt obligations.