Shehbaz vows to complete current IMF programme


Pak, EU agree to jointly combat climate change effects

Prime Minister Shehbaz Sharif on Monday expressed the commitment to complete the current International Monetary Fund programme.

The Premier was talking to Managing Director of the International Monetary Fund Kristalina Georgieva in Egypt on Monday on the sidelines of the COP27 summit.

The Prime Minister said Covid-19 pandemic, global recession and the recent flash floods have adversely affected pace of Pakistan’s economic recovery.

He said we have changed our budget estimates for immediate support and rehabilitation of flood victims. Acknowledging the cooperation of IMF, the Prime Minister expressed the commitment to complete the latest IMF programme.

He hoped that the COP27 summit will be a milestone in achieving climate justice.

Meanwhile, Pakistan and European Union agreed to make joint efforts for combating the effects of climate change.

The understanding was reached during meeting of Prime Minister Shehbaz Sharif with President of European Union Commission Ursula von der Leyen on the sidelines of COP 27 summit in Egypt.

Underscoring the need for international cooperation to address challenges of climate change, the Prime Minister said the whole world will have to suffer the effects of climate change in future which developing countries are facing today.

He appreciated the cooperation of European countries in removing Pakistan from FATF’s grey list and their spirit of helping the flood affected people in Pakistan.

Shehbaz Sharif said Pakistan and the European Union are important partners in achieving common goals.

He said there exists huge trade potential between Pakistan and European Union which needs to be taken to the optimum level.

Unity was essential to combat the effects of climate change, he stressed.

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