PM Shehbaz presses West to be ‘fair’ to needy countries

Developed countries should distribute resources fairly to help mitigate the suffering of developing nations and ensure world peace, Prime Minister Shehbaz Sharif told a gathering of some 40 world leaders in Paris on Thursday, at a summit aimed at charting a fresh approach to tackling poverty and climate change. The two-day New Global Financial Pact Summit, hosted by French President Emmanuel Macron, seeks to improve the lending system for developing countries. It comes amid growing recognition of the scale of the financial challenges ahead, with warnings that the world’s ability to curb global warming at tolerable levels relies on a massive increase in clean energy investment in developing nations. Before the summit, PM Shehbaz met several world leaders and heads of the United Nations and International Monetary Fund (IMF) and highlighted the challenges faced by developing nations, particularly because of climate change.