PM proposes five-point agenda to combat structural barriers in global prosperity

Gov’t stringent measures, Pakistan becomes locust free country

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ISLAMABAD: Prime Minister Imran Khan on Monday shared a five-point agenda to address the structural barriers in global prosperity at a session of the United Nations Conference on Trade and Development (UNCTAD).

PM Imran Khan, the keynote speaker for UNCTAD Intergovernmental Group of Experts (IGE) on Financing for Development (FfD), proposed equitable supply of the coronavirus vaccine in the developing countries and once again appealed for the suspension of debt repayments for the most stressed countries until the end of the pandemic.

“The coverage of the COVAX facility must be expanded. This would enable the developing countries to spend their precious resources on socio-economic development needs,” he said.

PM Imran told the UN body that the pandemic is an opportunity to address the structural barriers hampering global prosperity and development. He suggested the suspension of debt repayments for the most stressed countries until the end of the pandemic and restructuring of their public-sector debt under an agreed and inclusive multilateral framework.

“Moreover, the expansion of concessional financing through multilateral development banks is also essential,” stated the premier.

PM Imran called for a general allocation of Special Drawing Rights (SDRs) of 500 billion dollars to help alleviate balance-of-payment pressures.

Reiterating his decades-old stance of return of stolen assets held by corrupt politicians and criminals, the prime minister viewed that the illicit financial outflows from developing nations caused more poverty in that world than any other factor.

The National Assembly resumed its session at the parliament house in Islamabad today (Monday) with Speaker Asad Qaiser in the chair.

The National Assembly was informed today Pakistan has become locust free country as result of effective measures taken by the government.

Replying to a question during Question Hour, Parliamentary Secretary for National Food Security and Research Ameer Sultan said that locust has been eliminated from all 62 affected districts of the country. He said government has, so far, spent three billion rupees to eliminate locust. He said one billion out of that amount was provided by the Federal Government, while rest of the contribution was made by the provinces.

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