Prime Minister Shehbaz Sharif will undertake a two-day official visit to France tomorrow, to participate in the New Global Financing Pact Summit being held in Paris.

According to Foreign Office, Pakistan will contribute to the debate at the Summit as a leading stakeholder in the global discourse, a leader in G-77 and China and one of the largest developing countries most affected by climate change.

The Prime Minister will present Pakistan’s perspective and proposals for reform of International Financial Institutions, climate finance, green infrastructure, attainment of the SDGs and solutions related to debt.

He will also hold bilateral meetings with other world leaders on the sidelines of the Summit.

Meanwhile, Prime Minister Shehbaz Sharif says New Global Financing Pact Summit in France represents a unique opportunity to the world to come together and agree to broad principles and steps needed for a comprehensive reform of the international financial system.

In a tweet today, he said he will present Pakistan's position on the need for restructuring of international financial institutions to fight the contemporary challenges facing humanity. He said being a leading stakeholder in G-77 plus China grouping, Pakistan is in better position to play its role in international financial system as a country adversely hit by climate change threat.

Shehbaz Sharif said that the reform of international financial architecture has long been a key demand relentlessly made at different forums by public policy scholars, policy practitioners and world leaders especially from the Global South.

Highlighting the grave nature of challenges such as climate change, natural disasters, environment, rising levels of debt and energy transitions, he said these challenges have rung alarm bells.

Shehbaz Sharif said that the globalization of the problems has necessitated the need for creative approaches to rethink the global financial system to make it representative and equitable.

Source: Radio Pakistan