G24 ministers recognize intensity of economic losses

RECORDER REPORT

KARACHI: G24 ministerial meeting, held in Washington DC on Tuesday, recognized that Pakistan is disproportionately bearing heavy losses from extreme climate-related events in the form of devastating monsoon floods.

Pakistani delegate Dr. Saeed Ahmed, Senior Advisor IMF representing Pakistan at the IMF Executive Board succeeded in getting recognition of devastating floods in Pakistan in the Communique at the prestigious forum of G24 Ministers and Governors in its meeting despite strong objection by India to mention Pakistan’s floods in the G24 Communique.

Dr. Saeed explained to the forum the intensity of the catastrophe, economic damages and suffering of a large part of Pakistan’s population.

Indian stiff opposition to recognize it was thwarted by successful economic diplomacy of Pakistan’s representative. Iran, South Africa, Nigeria, Morocco and other countries supported Pakistani statement in the Communique and the G24 Forum rejected India’s opposition.