Skip to main content

PM Imran to participate in virtual event on financing today

PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan will be participating in a virtual High-Level Event on Financing for Development in Era of Covid-19 and Beyond, today.

According to Foreign Office, the event is being hosted by the PM’s of Canada and Jamaica and the UN Secretary-General.

The Presidents of France, South Africa, Kazakhstan and the Prime Ministers of UK, Japan, Norway, Italy and Ireland, the German Chancellor and the Crown Prince of Saudi Arabia, will address the high-level event.

In his address, the Prime Minister will share his vision on possible ways to address the debt issue and the enormous financial challenges facing developing countries.

The debt vulnerability of developing countries will be one of the six interlinked financial issues to be discussed at the event.

The foreign office spokesperson in a statement said the Prime Minister Imran Khan’s leading role in advancing solutions to the vital issues of debt, investment and sustainable development will greatly enhance the prospects for Pakistan and other developing countries to secure the international support, solidarity and cooperation needed to ensure a rapid recovery from the most serious recession the world has faced since the Great Depression a century ago.

The invitation extended to the Prime Minister reflects the recognition of his role as a sincere spokesperson for the developing countries and the timeline of his call for collective action to overcome the debt distress of many developing countries, said foreign office in a statement.

The post PM Imran to participate in virtual event on financing today appeared first on ARY NEWS.



from ARY NEWS https://ift.tt/3d7XodW

Comments

Popular posts from this blog

Trump says he urged team to ‘slow’ COVID-19 testing

US President Donald Trump said Saturday he was encouraging health officials in his administration to slow down coronavirus testing, arguing that increased tests lead to more cases being discovered. The president has claimed falsely on several occasions that surges of COVID-19 in several states can be explained by greater numbers of diagnostic tests. At his first rally since the outbreak forced nationwide shutdowns in March, Trump told the crowd in Tulsa, Oklahoma that testing was a “double-edged sword.” The United States — which has more deaths and cases than any other country — has carried out more than 25 million coronavirus tests, placing it outside the top 20 countries in the world, per capita. “Here is the bad part: When you do testing to that extent, you are going to find more people, you will find more cases,” Trump argued. “So I said to my people ‘slow the testing down.’ They test and they test.” It was not clear from Trump’s tone if he was playing to the crowd, who ...

Sir Anwer Pervez, richest Pakistani British businessman, loses £432m in pandemic

Sir Anwar Pervez OBE, the founder and chairman of Bestway Cash & Carry has lost £432 million during the coronavirus pandemic to bring him down to No 50 on the richest British people list. The list has 1,000 people and is published by the Sunday Times newspaper . Pervez was at No 42 previously.  The 2020 list of the UK’s richest shows its first fall in wealth in a decade as Britain’s wealthiest people lost tens of billions of pounds in the coronavirus pandemic, the Sunday Times reported in its Rich List 2020. The newspaper, which has produced the respected annual ranking of the country’s 1,000 wealthiest people since 1989, found the past two months had resulted in the super-rich losing £54 billion ($65 billion). More than half of the billionaires in Britain had seen drops in their worth by as much as £6b, a decrease in their collective wealth unprecedented since 2009 and the financial crisis. The Hinduja brothers, who topped last year’s list with a £22b fortune, saw among ...

Despite reservations about jury, Pakistan to implement FATF reforms: envoy

WASHINGTON: Despite its reservations about the fairness of the jury which is to determine Pakistan’s performance against terror financing, the government is committed to implementing its action plan for dealing with this issue, says Islamabad’s Washington envoy Asad Majeed Khan. In a conversation with a prominent US scholar George Perkovich, recorded at the Carnegie Endowment for International Peace in Washington on Monday afternoon, Ambassador Khan said the actions that Pakistan had taken so far to eliminate terror financing were “reflective of the political will”. “We feel that we have done a lot. We are also clear and determined to do more,” said the envoy while responding to a question about a meeting of the Financial Action Task Force (FATF) held in Orlando last week, which asked Pakistan to implement its own action plan for eliminating terror financing by October. Failing to do so could put Pakistan on a blacklist of violators and bring strict economic sanctions too. “But we w...