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PM Shehbaz attended New Global Financing Pact summit in Paris

Unless we come out with a fair, equitable, and judicious plan for the distribution of financial resources, the world will always be in trouble, said PM Shehbaz.

Paris, 23 June, 2023 (GNP): The Prime Minister of Pakistan, Shehbaz Sharif urged the global community to make a plan for the fair, equitable, and judicious distribution of financial resources to assure sustainable peace and harmony in the world at the two-day New Global Financing Pact Summit in Paris, on Thursday.

French President Emmanuel Macron led the summit, and more than 50 heads of state attended it.

While delivering a speech at the summit, the premier said that the north had already gained achievements, and they would look forward to carrying out their knowledge of progress for the betterment of Pakistan by giving earning opportunities and also through promoting industry and agriculture.

“It must be remembered that if the South is in trouble, the world can’t move ahead. We are like one body and if one limb of the body is in trouble, it is painful for the rest of the body as well,” he added.

Also Read: PM Shahbaz Sharif to attend Global Financing Pact Summit in Paris

Moreover, PM Shehbaz stated that Pakistan went through disastrous floods due to climate change last year. The floods badly affected approximately 33 million people and took away millions of acres of standing crops with it. Also, 1,700 people along with children died, half a million animals drowned and about two million houses had been fully or partially destroyed due to heavy floods.

The premier said that the government had given financial relief of millions of dollars to the flood victims from its compressed resources.

PM Shehbaz also stated that the international financial institutions gave consent for providing loans to assist millions of people suffering from the effects of catastrophic floods in 2022. However, it increased the burden on Pakistan and also aggravated the economic crisis.

Furthermore, the prime minister stressed the need for cooperation and generating fair opportunities through a proper planning which will benefit the countries with financial resources.

“Unless we come forward in generous terms to provide an opportunity, and a system, and a mechanism which will satisfy the most vulnerable at bare minimum, and which will create harmony in terms of economic justice and fairness, this world shall always be in trouble,” the premier said.

At the summit, the premier met several world leaders such as the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, Prince Mohammad bin Salman, President Macron, UN Secretary-General Antonio Guterres, President of Egypt, Abdel Fattah el-Sisi and Special US Presidential Envoy for Climate, John Kerry.

The prime minister also appreciated the French president for organizing the summit to highlight the issues interlinked with the global crisis and climate change.

Expressing his gratitude, the prime minister thanked the French president for inviting him to the moot and for “his warm hospitality.”