Pakistan PM to hold bilateral meetings with UN chief, world leaders at upcoming UNGA

Pakistani Prime Minister Shehbaz Sharif addresses the 77th session of the United Nations General Assembly at UN headquarters in New York City on September 23, 2022. (AFP/File)
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Updated 22 September 2024
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Pakistan PM to hold bilateral meetings with UN chief, world leaders at upcoming UNGA

  • Shehbaz Sharif is expected to speak on Israel’s war in Gaza, Kashmir dispute during 79th UNGA session next week 
  • He will also underline importance of addressing “inequities in international economic relations, reforming financial architecture“

ISLAMABAD: Prime Minister Shehbaz Sharif will hold bilateral meetings with world leaders, including UN chief António Guterres, as he gears up to present Pakistan’s stance on international issues such as Israel’s war on Gaza and the Kashmir dispute at the 79th session of the United Nations General Assembly, his office said on Sunday. 

Sharif departed from the country on Saturday to attend the 79th UNGA session in New York, where he is scheduled to arrive on September 23 and stay until September 27. The UNGA holds annual sessions, bringing together world leaders to discuss pressing global concerns.

According to Pakistan’s foreign office, Sharif will use this platform to stress the need for addressing long-standing issues on the Security Council’s agenda, particularly the question of Palestine and the Jammu and Kashmir dispute, which remain central to international and South Asian peace and stability.

The Prime Minister’s Office (PMO) said Sharif would attend several high-level meetings on the sidelines of the UNGA Session next week, including the “High-Level Meeting on Existential Threat posed by Sea-level Rise,” and the UN Security Council’s Open Debate on “Leadership for Peace.”

“He will also engage with a group of world leaders to discuss measures needed at the global level to advance the sustainable development agenda,” the PMO said. “His program includes bilateral meetings with several world leaders, including the UN Secretary-General and the President of the General Assembly.”

The PMO said Sharif will underline the importance of addressing “the inequities in international economic relations” and reforming the international financial architecture. 

“He will also urge the international community to take decisive measures in addressing climate change and countering the rising tide of Islamophobia,” his office said. 

The PMO said Sharif will reaffirm Pakistan’s steadfast commitment to multilateralism and support for the role of the UN in fostering global peace, security, and prosperity. 

He will emphasize the importance of addressing long-standing issues on the agenda of the UN Security Council, including the question of Palestine and the Jammu & Kashmir dispute, Sharif’s office said. 

“He will also express Pakistan’s commitment, as an incoming member of the UN Security Council for the year 2025-26, to work with all UN Member States to uphold the UN Charter, preventing conflict, fostering peace, and promoting global prosperity,” the PMO said. 


Pakistan stock market crosses record 174,000 points during intraday trading

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Pakistan stock market crosses record 174,000 points during intraday trading

  • Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
  • Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms

ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week. 

According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning. 

“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”

Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”

He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase. 

“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said. 

Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023. 

Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data. 

In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.