Growth is up, inflation is down, and the economy is on a sound path
Syeda Amnah Batool
The Prime Minister of Pakistan Shehbaz Sharif will address the 79th Session of the United Nations General Assembly (UNGA) in New York tomorrow (Friday), emphasizing Pakistan’s commitment to multilateralism and the United Nations’ role in promoting global peace, security, and prosperity. This event carries momentous importance for Pakistan offering the country a platform to assert its position on pressing international issues and enhance its diplomatic engagement with world leaders. Pakistan’s presence at the UNGA signifies its role as a proactive and responsible member of the international community amidst global economic instability, geopolitical tensions, and environmental crises.
Prime Minister Shehbaz Sharif will advocate a revitalized global agenda at the UN, spotlighting entrenched challenges that demand collective action. Pakistan’s domestic vision and global aspirations converge on key issues like Palestine and Kashmir, where justice and self-determination hang in the balance. By elevating these pressing concerns, the Prime Minister seeks to galvanize international cooperation and forge a more just and harmonious world. Pakistan sees these issues not just as geopolitical issues but matters of international justice and the right to self-determination.
Furthermore, the Prime Minister will express Pakistan’s commitment, as an incoming member of the UN Security Council for 2025-26, to collaborate with all UN Member States in upholding the UN Charter, reaffirming Pakistan’s unwavering support and commitment to multilateralism. At a time when international diplomacy is often fractured by competing interests, the Prime Minister is expected to underscore the connotation of the United Nations as a pillar for fostering global peace, security, and prosperity. Consequently, Pakistan highlights its commitment towards collective global good, particularly in conflict resolution and peace-building.
Prime Minister Shehbaz Sharif’s engagements on the sidelines of 79th United Nations General Assembly in New York have highlighted his ascertained dedication to Pakistan’s development and global harmony. With compassion and resolve, he crusaded mutually beneficial relationships and tackled pressing global concerns for our homeland Pakistan. His selfless leadership has stabilized Pakistan’s economy, earning international praise. Through bilateral meetings with international leaders, he reinforced regional cooperation and advocated for peace, demonstrating his commitment to serving his nation and humanity.
At the SDG Moment 2024, Prime Minister passionately called for developed nations to aid developing countries, particularly those affected by climate change. He emphasized Pakistan’s struggles with debt exacerbated by climate disasters, underscoring the injustice faced by nations that contribute little to global emissions. His advocacy for educational reform, evident from his Punjab Endowment Education Fund and Danish Schools initiatives, reflects his long-standing commitment to empowering underprivileged communities. In bilateral meetings with the President of the Maldives, Turkey and Bangladesh’s Chief Adviser, Prime Minister reaffirmed Pakistan’s focus on regional cooperation in trade, education, and climate change. His conversation with UN Secretary-General António Guterres emphasized the urgency of resolving the Kashmir dispute and combatting Islamophobia, further showcasing his commitment to global peace. In another meeting with EU President Ursula von der Leyen reinforced Pakistan’s dedication to strengthening ties with the European Union and upholding international conventions. Through these high-level dialogues, Prime Minister Shehbaz Sharif demonstrated his steadfast resolve to uplift Pakistan and contribute to global peace and prosperity, all while pursuing selfless service to his nation
The economic challenges of one nation reverberate across borders because of the global interconnectedness. The Prime Minister is expected to call for reforms in the global financial architecture because of its ripple down effect. The existing international economic order disproportionately benefits the wealthy; leaving developing nations like Pakistan burdened by debt and deprives them of adequate resources for growth. Pakistan aims to pave the way for a more equitable global financial system, guaranteeing that nations of the Global South are empowered to thrive, by advocating for fairer economic relations,
Prime Minister Shehbaz Sharif’s leadership has been instrumental in stabilizing Pakistan’s economy through successful negotiations with the International Monetary Fund (IMF) and the World Bank. During meetings on the sidelines of the United Nations General Assembly, Prime Minister secured the support from IMF Managing Director Kristalina Georgieva and World Bank President Ajaypal Singh Banga. His government’s commitment to implementing structural reforms, particularly in energy, finance, and revenue sectors, was key to finalizing a 37-month, $7 billion Extended Fund Facility (EFF) from the IMF, which PM hailed as vital for Pakistan’s economic recovery. The IMF praised Prime Minister of Pakistan’s reforms, emphasizing improved macroeconomic stability, reduced inflation, and stronger growth.
The efforts of Pakistan’s Prime Minister are focused not only on securing financial aid but also on long-term reforms to ensure sustainable development, with particular emphasis on inclusive growth, poverty reduction, and climate change adaptation. His close coordination with international allies and development partners was pivotal in averting economic collapse, showcasing his determination to bring financial stability and growth to Pakistan during his tenure.
The substantial takeaway from the 79th session of the UNGA is clear: Pakistan is prepared to engage, advocate, and collaborate on the world stage. The country seeks to carve out a space for itself as a leader in international diplomacy, economic reform, and climate action by addressing both global and regional concerns. Following this year’s UNGA session, the world will be watching Pakistan’s next moves – its role in the Security Council, its ability to reform its economy, and its sustained efforts towards world peace. The road ahead for Pakistan is filled with opportunities, but it requires careful diplomacy and strategic planning.
