Finance Minister Muhammad Aurangzeb met with Mohammed Yahya, the United Nations Resident Coordinator, on Tuesday to debate the nation’s debt administration, restructuring efforts, and key growth challenges.
Yahya was accompanied by Abdullah Fadil, a UNICEF consultant, and different senior UN officers, together with Afke Bootsman and Luay Shabaneh.
The assembly centered on a number of crucial points, together with debt restructuring, local weather financing, sustainable growth targets (SDGs), and Pakistan’s transition to inexperienced vitality.
Aurangzeb emphasised that Pakistan is grappling with two main existential challenges: local weather change and inhabitants development, and that these points have to be addressed for long-term stability and development.
“No quantity of financial stability and development could possibly be sustained with out addressing these two crucial points,” Aurangzeb acknowledged. He reaffirmed Pakistan’s dedication to working alongside its growth companions, together with the United Nations, to fulfill the SDGs and construct a resilient, sustainable future.
The finance minister additionally outlined Pakistan’s ongoing partnership with the World Financial institution, notably in areas corresponding to inhabitants administration and studying poverty. He careworn the significance of technical help to design and implement tasks that adhere to worldwide requirements.
Aurangzeb offered an replace on the nation’s financial outlook, highlighting enhancements in key financial indicators and stressing the function of the personal sector in driving inclusive and sustainable development. The assembly additionally explored choices for growing local weather financing and scaling up inexperienced vitality initiatives to help Pakistan’s transition to a extra sustainable vitality future.
Discussions included equipping Pakistan’s youth with entrepreneurial abilities to contribute to the financial system’s long-term development, and the significance of continued worldwide help in overcoming the nation’s challenges.
The assertion concluded with a name for enhanced technical and monetary help from the worldwide neighborhood to assist Pakistan obtain its growth targets and sort out the twin challenges of local weather change and inhabitants development.