Pakistan adhering to policies of economic diplomacy & promoting regional linkages to deal with economic challenges: FM Qureshi

Pakistan adhering to policies of economic diplomacy & promoting regional linkages to deal with economic challenges: FM Qureshi

Pakistan is adhering to the policies of economic diplomacy and promoting regional linkages to deal with the challenges of economic implications, the Foreign Minister Shah Mahmood Qureshi has said, adding that in this context, we have converted our geo-political priorities into geo-economic priorities.

According to media reports, the Foreign Minister has made these remarks while chairing a high-level meeting regarding corona pandemic, economic diplomacy and regional security in Islamabad on Wednesday. He said that the pandemic has adversely affected the world’s strongest and most powerful economies.

Shah Mahmood Qureshi further stated that the international community will have to play its due role to stop grim human rights violations in Indian Illegally Occupied Jammu and Kashmir (IIOJK) and establishing lasting peace in the region. He said Pakistan will continue its sincere efforts for regional peace and stability including the Afghan peace process.

The Foreign Minister has said that Pakistan offers pivotal geo-economic location, regional connectivity, a huge consumer market, and skilled youth to investors. He said this while inaugurating Pakistan’s country presentation at the virtual Sustainable Development Goals Investment Fair 2021, organized today by the United Nations Department of Economic and Social Affairs in New York.

Also read: Economic relations of Pakistan and Germany to be taken to new direction: FM Qureshi

He underscored that economic diplomacy is now at the core of Pakistan’s foreign policy with a shift in emphasis towards geo-economics.

While highlighting the importance of the private sector for achieving SDGs, he emphasized that Pakistan’s continued impressive progress on the Ease-of-Doing Business rankings is a reflection of the growing confidence of investors in the recent policies of the Government. He said that the SDG Investment Fair is an annual platform with the goal of facilitating new partnership opportunities to generate regional and global investments in social impact projects of developing countries.

According to Radio Pakistan, in collaboration with the UN Development Programme, Pakistan presented a portfolio of investment-ready sustainable development projects at the Fair worth two billion dollars, primarily in the sectors of climate change, infrastructure, and information technology, to attract international private sector investments from around the globe.

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