Pakistan says multilateralism in peril, urges global powers to prioritize diplomacy over confrontation

Pakistan's permanent representative to the United Nations, Asim Iftikhar Ahmad, speaking to the UN Security Council in New York, US, on December 8. 2025. (@PakistanUN_NY/X)
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Updated 09 December 2025
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Pakistan says multilateralism in peril, urges global powers to prioritize diplomacy over confrontation

  • The country tells the UN international security system is eroding, asks rival blocs to return to dialogue
  • It emphasizes lowering of international tensions, rebuilding of channels of communication among states

ISLAMABAD: Pakistan warned the world community on Monday that multilateralism was “in peril” amid rising global tensions, urging major powers to revive diplomacy and dialogue to prevent a further breakdown in international security.

Speaking at a UN Security Council briefing, Pakistan’s ambassador to the UN, Asim Iftikhar Ahmad, said the world was drifting toward confrontation at a time when cooperative mechanisms were weakening.

His comments came during a session addressed by Finland’s foreign minister Elina Valtonen, chairing the Organization for Security and Co-operation in Europe (OSCE), the world’s largest regional security body.

Formed out of the 1975 Helsinki Final Act, the OSCE was designed during the Cold War to reduce tensions, uphold principles of sovereignty and human rights and promote mechanisms for peaceful dispute resolution.

“Today, the foundational ethos of international relations, multilateralism, cooperation and indivisible security, as envisaged in the preamble of Helsinki Final Act, is perhaps facing its biggest challenge in decades,” Ahmad said. “The OSCE, too, is navigating a difficult geopolitical landscape, with conflict raging in the heart of Europe for nearly four years, depletion of trust and unprecedented strains on peaceful co-existence.”

He said a return to the “Helsinki spirit” of dialogue, confidence-building and cooperative security was urgently needed, not only in Europe but globally.

“This is not a matter of choice but a strategic imperative to lower tensions, rebuild essential channels of communication, and demonstrate that comprehensive security is best preserved through cooperative instruments, and not by the pursuit of hegemony and domination through military means,” he said. “Objective, inclusive, impartial, and principle-based approaches are indispensable for success.”

Ahmad’s statement came in a year when Pakistan itself fought a brief but intense war after India launched missile strikes at its city in May following a militant attack in Indian-administered Kashmir. New Delhi blamed Pakistan for the assault, an allegation Islamabad denied while calling for a transparent international investigation.

The Pakistani diplomat said the international system was increasingly defined by bloc politics, mistrust and militarization, warning that such trends undermine both regional stability and the authority of multilateral institutions, including the UN itself.

He urged member states to invest more in preventive diplomacy and the peaceful settlement of disputes as reaffirmed by the Council in Resolution 2788.

Ahmad said Pakistan hoped the OSCE would continue reinforcing models of cooperative security and that the Security Council would back partnerships that strengthen international law and the credibility of multilateral frameworks.

The path forward, he added, required “choosing cooperation over confrontation, dialogue over division, and inclusive security over bloc-based divides.”


Pakistan disburses record $9.2 billion agricultural loans in FY25, central bank says

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Pakistan disburses record $9.2 billion agricultural loans in FY25, central bank says

  • State Bank says farm lending rose 16 percent year-on-year to Rs2.58 trillion
  • Inflation eased to 5.8 percent in January as GDP growth hits 3.7 percent in Q1 FY26

KARACHI: Pakistan disbursed a record Rs2.58 trillion ($9.2 billion) in agricultural loans during fiscal year 2024–25, a 16 percent increase from the previous year, State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Thursday while chairing a meeting of the Agricultural Credit Advisory Committee (ACAC).

Agricultural financing is considered critical to Pakistan’s rural economy, where farming contributes nearly one-fifth of GDP and employs a large share of the workforce. The government has repeatedly emphasized expanding credit access to small farmers as part of broader efforts to boost productivity, stabilize food supply and support economic recovery under an IMF-backed reform program.

According to official data shared at the meeting, agricultural credit disbursement reached Rs2.58 trillion in FY25, marking a record high. In the first half of FY26 alone, banks disbursed Rs1,412 billion in agricultural loans, while the number of borrowers increased to 2.97 million.

“During fiscal year 2025, record agricultural loans of Rs2.58 trillion were disbursed, reflecting an annual growth of 16 percent,” the State Bank governor said, according to a statement issued after the meeting.

He added that Pakistan had regained macroeconomic stability and that the economy was moving toward sustainable growth.

The governor said GDP growth in the first quarter of FY26 stood at 3.7 percent, while full-year growth was projected between 3.75 percent and 4.75 percent.

He also noted that headline inflation had declined to 5.8 percent in January 2026.

The committee reviewed measures to further expand credit access, including greater use of the central bank’s Zarkhez-e scheme to facilitate agricultural lending. Members also discussed promoting electronic warehouse receipt financing to enhance post-harvest liquidity and reduce distress sales of crops.

The statement said the purpose of electronic warehouse receipt financing was to “reduce forced sales of crops and strengthen linkages within the agricultural market.”

Agricultural lending has been a focus of Pakistan’s financial inclusion strategy, particularly as policymakers seek to improve rural incomes, stabilize food prices and strengthen export-oriented crop production amid broader economic reforms.