ISLAMABAD: Pakistan applauded the European Union’s decision to support the Organization of Islamic Cooperation (OIC) reconstruction plan for Gaza at the United Nations on Tuesday, calling such multilateral cooperation “critical” at a difficult time in international politics.
Pakistan’s Permanent Representative to the UN, Ambassador Munir Akram, made the remarks as he welcomed the EU’s engagement with the UN, from its continued support for the world body’s annual budget to its sustained commitment to peacekeeping operations and peace-building activities.
Arab leaders unanimously rejected US President Donald Trump’s plan to permanently uproot more than 2 million Palestinians from Gaza and turn the region into an international beach resort earlier this month. Instead, they backed an Egyptian-led reconstruction initiative worth $53 billion, which was later upheld by the OIC in a special session held in Jeddah.
“In a statement in the Security Council meeting on the EU’s engagement with the UN today, Ambassador Munir Akram, Pakistan’s Permanent Representative, lauded the EU for its humanitarian support to the suffering people of Gaza and the West Bank, as well as its support to UNRWA [United Nations Relief and Works Agency for Palestine Refugees],” said an official statement circulated after the meeting.
“He said that Pakistan also welcomes the EU’s support to the Arab and now the OIC plan for reconstruction of Gaza and peace in Palestine based on the Two-State solution.”
The Pakistani diplomat said his country wanted all conflicts, including the war in Ukraine, to be resolved in accordance with the principles of the UN Charter, which he said must be applied universally and consistently.
“At a time when international development cooperation is under immense stress, the EU’s sustained support, including to UN agencies, funds and programs, will be critical,” Akram was quoted as saying in the statement.
He also highlighted Pakistan’s relations with the EU, describing them as “robust, comprehensive and wide-ranging.” The EU, as a unit, remains Pakistan’s largest trade and investment partner, he noted.
“The GSP [Generalized Scheme of Preferences] Plus has played an important role in the growth of Pakistan-EU trade and has served as a win-win model for economic cooperation,” he said, referring to the preferential trade arrangement that has boosted Pakistan’s exports to Europe.
Akram also welcomed EU investments under the EU’s Global Gateway Strategy in renewable energy, digital infrastructure, education, water and sanitation and disaster management, and expressed hope for further opportunities through the Horizon Europe Program.
“We must all together reaffirm our commitment to international law, equality and a global order underpinned by the UN Charter to promote durable peace, sustainable development and inclusive growth,” the Pakistani envoy said.
Pakistan welcomes EU support for OIC’s Gaza reconstruction plan at UN
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Pakistan welcomes EU support for OIC’s Gaza reconstruction plan at UN
- Ambassador Munir Akram says his country wants all conflicts to be resolved within the UN framework
- He hails Pakistan’s ‘wide-ranging’ relations with Europe that have helped his country grow economically
Pakistan receives $1.2 billion from IMF under EFF, RSF loan programs— central bank
- IMF Executive Board approved Pakistan’s second review under EFF, first review under RSF loan programs this week
- Disbursements from IMF have been crucial for cash-strapped Pakistan as it tries to recover from economic crisis
ISLAMABAD: Pakistan’s central bank announced on Thursday that it has received $1.2 billion under the International Monetary Fund’s (IMF) External Fund Facility and Resilience and Sustainability Facility (RSF) loan programs.
The IMF approved a $7 billion bailout package for Pakistan under its EFF program in September 2024 while in May 2025, it approved a separate $1.4 billion loan to Pakistan under its climate resilience fund. The RSF will support Pakistan’s efforts in building economic resilience to climate vulnerabilities and natural disasters.
The global lender approved Pakistan’s second review under its $7 billion EFF program and first review under the RSF loan on Tuesday. As per the State Bank of Pakistan (SBP), the central bank received a combined sum of $1.2 billion under the EFF and RSF on Dec. 10.
“The amount would be reflected in SBP’s foreign exchange reserves for the week ending on Dec. 12, 2025,” the SBP said in a statement.
IMF bailouts have been crucial for cash-strapped Pakistan, which has been struggling with a prolonged economic crisis that has exhausted its financial reserves and weakened its currency. Pakistan came to the brink of a sovereign default in 2023 before a last-gasp IMF bailout package helped it avert the crisis.
Pakistan has had to take tough decisions to comply with the IMF’s loan requirements, which include scrapping subsidies from food and fuel items to trigger inflation. Since then, Pakistan has attempted to regain stability by sharply reducing inflation and recording a current account surplus.
The disbursement, however, comes at an important time for the South Asian country as it mitigates losses from a deadly monsoon season that killed over 1,000 people since late June and caused at least $2.9 billion in damages to agriculture and infrastructure.










