Shehbaz urges fulfillment of climate fund pledge

Prime Minister Shehbaz Sharif on Friday advised the worldwide community to deliver the commitments made at COP27 in Sharm al-Sheikh and additionally operationalise Loss and Damage Fund at the principle of fairness.

“The global network must supply at the commitments they made at COP27 in Sharm al-Sheikh, consisting of the operationalisation of Loss & Damage Fund on the principle of equity; provision of offers that don’t increase indebtedness of growing countries; enabling climate-susceptible nations to get admission to the Fund on the basis of a climate vulnerability index,” he said in a tweet.

The prime minister attended the 2-day Summit for New Global Financing Pact in French capital Paris.Prime Minister Shehbaz Sharif met Chinese Premier Li Qiang here wherein the 2 aspects agreed to celebrate the Decade of China-Pakistan Economic Corridor (CPEC) this 12 months to showcase its achievement.

The meeting became hung on the sidelines of the Summit for a New Global Financial Pact. It become the first in-individual meeting between the two leaders considering that Premier Li assumed office in March this yr.

Expressing satisfaction on the constant improvement of CPEC tasks in Pakistan, the 2 sides agreed on CPEC’s centrality for Pakistan’s socio-economic development and expressed their company commitment to maintain operating collectively for understanding its shared goals for the two countries.

During the assembly, the 2 leaders held an in-depth discussion on the complete gamut of bilateral relationship, together with CPEC in addition to financial cooperation.Pakistan and Germany agreed to decorate bilateral cooperation in a couple of fields such as exchange, investment and electricity.
The bilateral ties had been discussed inside the assembly among Prime Minister Shehbaz Sharif and German Chancellor Olaf Scholz, at the sidelines of New Global Financing Pact Summit held here.

The high minister said that the additional 27 million euros for Benazir Income Support Program had been spent for the assistance to the flood sufferers and provision of meals to them.

Pakistan, Brazil

Prime Minister Shehbaz Sharif expressed Pakistan’s keenness in benefiting from the Brazilian revel in of the usage of current technology inside the agriculture sector.
PM Shehbaz met Brazilian President Luiz Inácio Lula da Silva right here at the sidelines of Summit for New Global Financing Pact. The prime minister appreciated Brazil’s cooperation in defence and different sectors.

PM meets expatriates

The prime minister additionally met foreign places Pakistanis during his journey and urged them to play their role in exposing propaganda towards the state in their respective nations.

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