Shehbaz urges fulfillment of climate fund pledge

Prime Minister Shehbaz Sharif on Friday urged the international community to deliver the commitments made at COP27 in Sharm al-Sheikh and also operationalise Loss and Damage Fund on the principle of equity.

“The international community should deliver on the commitments they made at COP27 in Sharm al-Sheikh, including the operationalisation of Loss & Damage Fund on the principle of equity; provision of grants that don’t increase indebtedness of developing countries; enabling climate-vulnerable countries to access the Fund on the basis of a climate vulnerability index,” he said in a tweet.

The prime minister attended the two-day Summit for New Global Financing Pact in French capital Paris.

Shehbaz, Li

Prime Minister Shehbaz Sharif met Chinese Premier Li Qiang here wherein the two sides agreed to celebrate the Decade of China-Pakistan Economic Corridor (CPEC) this year to showcase its success.

The meeting was held on the sidelines of the Summit for a New Global Financial Pact. It was the first in-person meeting between the two leaders since Premier Li assumed office in March this year.

Expressing satisfaction at the steady development of CPEC projects in Pakistan, the two sides agreed on CPEC’s centrality for Pakistan’s socio-economic development and expressed their firm commitment to continue working together for realizing its shared objectives for the two countries.

During the meeting, the two leaders held an in-depth discussion on the entire gamut of bilateral relationship, including CPEC as well as economic cooperation.

Pakistan, Germany

Pakistan and Germany agreed to enhance bilateral cooperation in multiple fields including trade, investment and energy.
The bilateral ties were discussed in the meeting between Prime Minister Shehbaz Sharif and German Chancellor Olaf Scholz, on the sidelines of New Global Financing Pact Summit held here.

The prime minister said that the additional 27 million euros for Benazir Income Support Program were spent for the assistance to the flood victims and provision of food to them.

Pakistan, Brazil

Prime Minister Shehbaz Sharif expressed Pakistan’s keenness in benefiting from the Brazilian experience of using modern technology in the agriculture sector.
PM Shehbaz met Brazilian President Luiz Inácio Lula da Silva here on the sidelines of Summit for New Global Financing Pact. The prime minister appreciated Brazil’s cooperation in defence and other sectors.

PM meets expatriates

The prime minister also met overseas Pakistanis during his trip and urged them to play their role in exposing propaganda against the nation in their respective countries.

The prime minister, in an interaction with the representatives of the Pakistani community in France as well as the Pakistan Business Forum, said expatriates were the nation’s ambassadors and an asset, adding that their services for the country’s development were laudable.

He told the community members that through its tough economic decisions, the incumbent government saved the country from default.

“During the last four years, the economy was pushed to the verge of collapse, and unemployment and inflation were at their peaks,” he added.
The prime minister said that having inherited an isolated Pakistan on the diplomatic fronts, his government made constant efforts throughout the year to revive foreign relations.

He said the recently unveiled Economic Revival Plan would prove to be a milestone to restore Pakistan’s economic position and that a Special Investment Facilitation Council had been established to remove impediments to investment.
PM Shehbaz said that only economic sovereignty and stability could guarantee a safe future for Pakistan.

The representatives of the overseas Pakistanis in France also presented a bouquet to the prime minister.