Pakistan calls for collective action to achieve sustainable economic development


ISLAMABAD: Pakistan has called for collective action to achieve sustainable economic development in the wake of unprecedented global crisis triggered by the Covid-19 pandemic.

Addressing the United Nations' meeting of Finance Ministers on “Sustainable Development in the Era of Covid-19 and Beyond”, Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh said six discussion groups were convened under this forum which identified the set of menu of action to address the challenges.

He said the debt relief is a quickest way to create fiscal space.

Hafeez Shaikh said debt cancellation from the least developed countries needs serious consideration in order to protect their economies form the negative impact of global pandemic and putting them on fast track of sustainable economic development.

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