MQM-P leader Faisal Sabzwari. PHOTO: FILE
Pakistan has called for reforming the international debt architecture to make it more equitable, sustainable, and responsive to the needs of developing countries.
"In the absence of a predictable global system for restructuring debt, most countries facing debt-distress are opting to continue servicing their debts, at the cost of diverting resources from areas critical for long-term growth and development, such as health and education," Senator Syed Faisal Ali Sabzwari told the Annual Parliamentary Hearing, a joint initiative of the President of UN General Assembly (UNGA) and the Inter-Parliamentary Union (IPU).
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