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Pakistan calls for collective action to achieve sustainable economic development

Pakistan Calls for Collective Action to Achieve Sustainable Economic Development

ISLAMABAD – Pakistan has called for collective action to achieve sustainable economic development in the wake of an unprecedented global crisis triggered by the COVID-19 pandemic.
Addressing the United Nations finance ministers meeting on “Sustainable development in the age of COVID-19 and beyond,” the Pakistani Prime Minister’s adviser on finance, Abdul Hafeez Shaikh, said that six focus groups were convened as part of this forum, which identified the full menu of an action to address the challenges.
He said debt relief was the fastest way to create fiscal space.
Hafeez Shaikh said that debt cancellation for least developed countries should be seriously considered in order to protect their economies from the negative impact of the global pandemic and put them on the fast track to sustainable economic development.
(Sahar News Monitoring Desk)

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