PM Shehbaz vows to present Pakistan’s position on global financial firms’ restructuring at Paris summit

Prime Minister Shehbaz Sharif on Wednesday said he planned to present Pakistan’s stance on the urgent need to restructure international financial institutions to address the challenges facing humanity. He made the remarks as he was departing for France to attend the New Global Financing Pact Summit in Paris. In a tweet, the premier emphasised that the summit provided a “unique opportunity” for global unity, enabling consensus on fundamental principles and necessary measures for a comprehensive overhaul of the international financial system. The summit serves as a platform for the exchange of ideas and consultation on future changes in the global financial system to address challenges related to sustainable development, alternative and renewable energy sources, environment, and climate change, the statement added. The PM further highlighted that Pakistan, as a prominent stakeholder in the G-77 plus China alliance and a nation significantly affected by climate change, was well-positioned “to assume this role”. Later, the Prime Minister’s Office also shared a video on Twitter, featuring the premier and his delegation boarding a plane bound for France.