From the summit on the new global financial agreement held in Paris. (Photo Twitter)
Paris: Prime Minister Shehbaz Sharif has said that Pakistan is facing economic problems due to climate change, last year it also faced devastating floods due to this reason.
Addressing the summit on the new global financial agreement held in Paris, the Prime Minister said that due to climate change, Pakistan faced catastrophic floods last year, which completely destroyed two million houses while 3.3 million people were displaced and Thousands of acres of standing crops were destroyed.
He said that Pakistan is facing economic difficulties due to climate change, the Secretary General of the United Nations visited the flood affected areas and saw the devastation with his own eyes. The Prime Minister said that the people of Pakistan faced the flood disaster very bravely.
Shahbaz Sharif said that crores of dollars have been spent for the rehabilitation of the flood victims. The Prime Minister urged the world to formulate a policy for fair distribution of resources.
Meanwhile, the Prime Minister also held meetings with world leaders and personalities in which bilateral relations and climate change faced by Pakistan were discussed.
Prime Minister Shehbaz Sharif met with US President’s special representative for environment and former foreign minister John Kerry, in which both the leaders expressed good wishes for each other.
On this occasion, Prime Minister Shehbaz Sharif praised the priorities of John Kerry and the American government on the issue of environment and said that environmental issues are a common problem of the world that requires joint strategies and efforts. Appointing a special representative of
The Prime Minister said that environmental problems are affecting the development and growth rate of developing countries especially, the catastrophic floods in 2022 have made the problems more difficult in severe economic difficulties, developed countries are developing from environmental problems. Play a special role in helping countries recover from the negative impact on growth rates.
Shehbaz Sharif said that it is important to implement the commitments to provide resources after the establishment of the Loss and Damage Fund in COP 27, the Paris summit for a new global financial agreement is a message of hope for developing countries, developing countries. A reform of the global financial structure is necessary to provide resources to
John Kerry agreed that the issue of climate change poses increasing risks to developing countries.
Prime Minister’s meeting with the Secretary General of the United Nations
Prime Minister Shehbaz Sharif also met United Nations Secretary General Antonio Guterres at the World Summit, in which the Prime Minister warmly welcomed the United Nations Secretary General and expressed his best wishes.
The Prime Minister said to the Secretary General of the United Nations that he considers you as the benefactor of Pakistan, cannot forget your help on the occasion of floods, you are an eyewitness of the destruction caused by climate change in Pakistan.
He said that he informed the Secretary General about the steps taken to restore the flood victims, the restoration and resettlement of the flood victims is and will remain our first priority, the economic pressure on the developing countries has increased due to climate change. Developing countries face new challenges in increasing growth rates and maintaining fiscal balance.
The Prime Minister said that the Loss and Damage Fund should be utilized in COP 27 for financial assistance to developing countries, the summit in Paris for a new global financial agreement is a good and right start, developing countries with climate justice. A fair approach is also required in the distribution of global financial resources.
Prime Minister Shahbaz Sharif meeting with Egyptian President Abdel Fattah Al-Sisi
The Prime Minister also met the President of Egypt on the sidelines of the summit, in which the Prime Minister described the Loss and Damage Fund as an important development at the COP27 meeting in Sharm el-Sheikh.
Meeting with the French President
On the occasion of the summit held on the subject of the new global financial agreement, the Prime Minister met French President Macron, in which Shahbaz Sharif paid tribute to the French president for calling the summit on the new global financial agreement.
Prime Minister Shehbaz Sharif thanked Macron for the invitation and warm hospitality at the summit and said that you have taken a bold step towards a system based on financial justice with developing countries, for which I am grateful to you.
He said that developing countries are facing problems of lack of resources, burden of debt and interest payments and frozen growth. Under the new global financial agreement, the help of developing countries drowning in the quagmire of debt is the need of the hour. People can get relief.
Prime Minister Shehbaz Sharif said that the devastating effects of climate change have made the already troubled developing countries suffer more.
Prime Minister’s meeting with Saudi Prime Minister and Crown Prince
In addition, Prime Minister Shehbaz Sharif met with Saudi Arabia’s Prime Minister and Crown Prince Mohammed bin Salman at the summit on the new global financial agreement.
Prime Minister Shehbaz Sharif expressed his best wishes for Saudi King Salman bin Abdulaziz.
The two leaders agreed to further enhance cooperation for the promotion of bilateral cooperation and discussed issues of mutual interest.
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