Foreign Minister of Pakistan Makhdoom Shah Mahmood Qureshi inaugurated Pakistan’s country presentation at the virtual Sustainable Development Goals (SDGs) Investment Fair 2021 on Thursday.
The Fair is organized by the United Nations Department of Economic and Social Affairs (UNDESA) in New York.
He also addressed a global audience of private sector investors, businesses, members of the Global Investors for Sustainable Development (GISD) Alliance, multilateral and bilateral development actors, governments, UN agencies, and other stakeholders through video conferencing.
The Foreign Minister underscored that SDGs remain one of the top national priorities of Pakistan, and the Government’s post-COVID-19 recovery, and response and climate-resilience solutions are in line with the UN Agenda 2030 of Sustainable Development.
The Foreign Minister underscored that Economic Diplomacy is now at the core of Pakistan’s foreign policy, corresponding to the leadership’s vision of an economically secure Pakistan, with a shift in emphasis towards geo-economics.
He also noted that Pakistan is an emerging market with great opportunities for investments in its growing economy.
Highlighting the country’s potential, the Foreign Minister stressed that Pakistan offers a pivotal geo-economic location, regional connectivity, a huge consumer market with an expanding middle-class, and a large segment of skilled, vibrant, and youthful population to its valued investors.
In addition to highlighting the importance of the private sector for achieving SDGs, the Foreign Minister emphasized that Pakistan’s continued impressive progress on the Ease-of-Doing Business rankings is a reflection of the growing confidence of investors in the recent policies of the Government.
The SDG Investment Fair is an annual platform to facilitate new partnership opportunities to generate regional and global investments in social impact projects of developing countries.
This year’s edition has been organized in a virtual format on the sidelines of the Forum on Financing for Development that is being held under Pakistan’s Presidency of the UN Economic and Social Council (ECOSOC).
In collaboration with the UN Development Program, Pakistan presented a portfolio of investment-ready sustainable development projects at the Fair worth $2 billion, primarily in the sectors of climate change, infrastructure, and information technology, to attract international private sector investments from around the globe.