FM Qureshi Shares Pakistan’s perspective on contemporary global development challenges

Noting the solidarity and support that defined the G-77’s ethos, the Foreign Minister paid tribute to the members for safeguarding and advancing the legitimate development, trade and investment interests of the developing countries. Foreign Minister called for reform of the international financial and taxation architecture.

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Islamabad: Foreign Minister Makhdoom Shah Mahmood Qureshi delivered a video statement at the Ministerial meeting of the Group of 77 (G-77) on the eve of the 15th Quadrennial session of United Nations Conference on Trade and Development (UNCTAD) being hosted in a virtual format by Barbados.

Sharing Pakistan’s perspective on the contemporary global development challenges, the Foreign Minister underscored the urgency of vaccine equity, debt relief, and enhanced concessional finance to address multiple inequalities.

In terms of systemic solutions, the Foreign Minister called for reform of the international financial and taxation architecture, a fairer multilateral trading system and the necessity of recovering and returning stolen assets to developing countries.

Noting the solidarity and support that defined the G-77’s ethos, the Foreign Minister paid tribute to the members for safeguarding and advancing the legitimate development, trade and investment interests of the developing countries.

The Foreign Minister acknowledged the seminal contribution made by UNCTAD, in terms of producing high quality analytical reports, providing policy advice and technical assistance to developing countries to enable them to participate and benefit from the dividends of international trading, financial, investment and taxation regimes.

UNCTAD and the Group of 77 were established in 1964 to protect and promote the development interests of the Global South. Pakistan has been an active member of both and has made valuable contributions to their debates, policies and outcomes.

Adding to this, Minister for Foreign Affairs Shah Mehmood Qureshi Saturday expressed grief and sorrow over the sad demise of famous actor and comedian Umar Sharif. In a message of condolence, he prayed Allah Almighty to rest the departed soul in eternal peace and grant courage to the bereaved family to bear the loss with fortitude. He said Umar Sharif throughout his life spread happiness and smiles on faces of millions of people. The artistic services of Umar Sharif would be remembered for a long time to come, he added.

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