ISLAMABAD: Prime Minister Imran Khan has said that the two-day meeting of the Council of Foreign Ministers (CFM) of the Organization of Islamic Cooperation (OIC) in Pakistan is taking place at a critical moment in world history, asking Muslim countries to prepare themselves for emerging global realities.
Pakistan will host the 48th session of the OIC CFM conference in Islamabad starting March 22.
The meeting is annually held to take important decisions and adopt new policies by OIC member states.
“Structures of the global security and economic order established in 1945 have been eroded by the repeated unilateral use of force, a new ‘cold war’ and growing inequalities among and within nations, exacerbated by the COVID-19 pandemic, the impact of climate change and the technology revolution,” the prime minister wrote in an article exclusively published by Arab News. “Islamic countries must carefully navigate these ‘new realities’ and actively shape the emerging world order to realize their individual and collective interests.”
However, Khan maintained the Muslim world should focus on internal disputes instead of getting involved in great power rivalries. He also emphasized that Islamic countries should do their best to prevent foreign interference and intervention.
Given the volatile situation of the world, the prime minister asked the OIC member countries to think in terms of developing their own security architecture.
“The OIC should seriously consider establishing its own peace and security architecture to promote conflict resolution through dialogue and negotiations whenever disputes arise among Muslim countries or between them and non-Muslim countries or entities,” he maintained.
Khan added the OIC must continue to support the just causes of Palestine and Kashmir for self-determination and liberation from foreign occupation.
“Although these goals are daunting,” he continued, “I am convinced that the arc of history bends toward justice.”
He also emphasized the significance of resolving conflicts in Syria, Libya and Yemen while pointing out it was the first time in 40 years that Afghanistan had got a “real opportunity” to restore peace and security.
He noted that the Muslim world should join other developing countries in mobilizing resources for recovery from the coronavirus pandemic and demanded fair and equal treatment in the international finance, trade and taxation architecture.
Referring to one of the major causes championed by his administration, Khan said: “We must boldly arrest and reverse the outflow of billions of dollars each year from our countries to ‘safe havens’ through corruption, fraud, tax evasion and tax avoidance.”
He also urged OIC nations to prepare themselves for a knowledge-driven, integrated and digital global economy of the future.
“Finally, we must promote global respect for our faith, Islam, and offer protection to every Muslim everywhere. We must object vigorously to the defamation or denigration of Islam, our Holy Book or our Holy Prophet, peace be upon him,” he maintained.
PM Khan urges OIC nations to brace for ‘new realities’ amid shifting world order
https://arab.news/rzte8
PM Khan urges OIC nations to brace for ‘new realities’ amid shifting world order
- In an exclusive article for Arab News, Khan says the OIC must consider developing its own peace and security architecture
- The prime minister says Islamic countries should resolve internal disputes instead of getting involved in great power rivalries
Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure
- Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
- Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone
KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.
The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said.
The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim.
“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said.
Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.
The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs.
Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said.
“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said.
The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital.
To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.










