Bilawal Proposes Setting up a Special Task Force to Ensure Financial Justice

Photo Credit: The economic times| Bilawal Bhutto 

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Thursday proposed setting up a special task force of experts within the Organization of Islamic Cooperation (OIC) to develop a strategy to ensure equal treatment in rules and in the financial, trade and tax structure develop.

“We must also call for rapid debt restructuring of 60 financially troubled countries, redistribution of unused SDRs (Special Drawing Rights) to developing countries, huge loans from multilateral development banks, massive investments in public-private partnerships, sustainable infrastructure, and the mobilization of $100 billion in climate finance He said during his keynote speech as Chairman of the United States Council of Foreign Ministers OCI (CFM) during the two-day 49th session of the CFM in Nouakchott, Mauritania.

The Foreign Minister recalled that Pakistan was hit hard by devastating floods last summer after coping with the negative impact of COVID-19, inflation, the economic collapse in Afghanistan and the aftermath of the war in Ukraine.

He thanked fraternal Islamic countries for their generous support of Pakistan at this difficult time. On the Palestinian issue, the Foreign Minister said that OIC member states should continue to condemn Israel's repeated aggression against Al-Aqsa Mosque and the occupied Palestinian territory.

The Palestinian people must have their own state within the 1967 borders with the capital at Al Quds. "It may seem like a tall order today, but I am convinced that the arc of history in the hands of the Almighty leads toward justice."