FM urges commonwealth countries to maintain free trade

News Image

MG News | October 15, 2020 at 09:56 AM GMT+05:00

October 15, 2020: Foreign Minister Shah Mahmood Qureshi has urged the commonwealth countries to utilize commonalities in legal and administrative systems to overcome protectionism and maintain free trade.

Virtually, addressing Commonwealth Foreign Affairs Ministers Meeting on Wednesday, he also called for launching dialogue for deeper and more sustained debt relief for stronger and more sustained economic recovery.

He emphasized on lending weight to calls by Prime Minister Imran Khan and other world leaders for a "people's vaccine" for the treatment of the COVID-19 pandemic. He said there should be a regime in which all treatments and diagnoses are made, patent-free, mass-produced, and available to all countries and people free of cost.

The Foreign Minister said it is a matter of concern that the world over, the Pandemic has been accompanied by a spike in intolerance, violence and racial discrimination. This is manifested in various forms of hate speech, xenophobia, Islamophobia and supremacist ideologies. He said core principles of rule of law, fundamental freedoms and multilateralism are in danger. 

Talking about the negative impact of Climate Change, Shah Mahmood Qureshi emphasized on developed countries to fulfill their pledge to mobilize 100 billion dollars annually for climate action. He said despite Pakistan's limited contribution to global Green House gas emissions; it is among the most climate-vulnerable countries. He said Pakistan has also joined the Commonwealth Blue Charter Action Group on "Mangrove Ecosystems and Livelihoods".  He said we are fully committed to playing our role in addressing the issue of climate change and making a shift towards a "clean and green" Pakistan.  He said we have launched an "Eco-System Restoration Initiative" at the national level. The Initiative, among other activities, aims at planting 10 Billion Trees throughout Pakistan in the coming three years. He said our first Electric Vehicle (EV) policy aims at replacing 30 percent of the road vehicles with electric vehicles by 2030

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 171,155.93
28.19M
0.92%
1555.52
ALLSHR 103,526.65
102.38M
0.82%
840.39
KSE30 51,021.07
14.09M
1.12%
564.09
KMI30 245,586.05
15.43M
1.11%
2686.48
KMIALLSHR 67,159.68
73.07M
0.89%
591.64
BKTi 47,435.98
2.39M
1.18%
551.49
OGTi 35,081.21
1.43M
0.97%
335.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 83,625.00 84,215.00
83,455.00
-315.00
-0.38%
BRENT CRUDE 96.35 96.86
95.70
-6.24
-6.08%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
-1.30
-1.05%
ROTTERDAM COAL MONTHLY 137.40 137.40
135.80
-0.60
-0.43%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 89.54 89.89
88.58
0.16
0.18%
SUGAR #11 WORLD 18.84 19.02
18.40
0.28
1.51%

Chart of the Day


Latest News
September 30, 2026 at 09:46 AM GMT+05:00

MERIT rebounds to Rs124m profit in FY26


September 30, 2026 at 09:34 AM GMT+05:00

Banks to stay open till 10pm today for taxpayers


September 30, 2026 at 09:28 AM GMT+05:00

AI boom puts Asia equity fundraising on track for record


September 30, 2026 at 09:28 AM GMT+05:00

NBP issues foreign exchange rates


September 30, 2026 at 09:27 AM GMT+05:00

SYM FY26 profit shoots 26%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg