Current Affairs Economy

The PM of Pakistan to skip UN General Assembly session, to focus on the nation’s economy

Earlier in the week, On Tuesday, August 28th, Pakistan’s Foreign Minister Shah Mehmood Qureshi announced that Prime Minister Imran Khan will skip next month’s United Nations General Assembly session as he wishes to focus all his attention on the nation’s economy.

As per reports, the Pakistani delegation at the 73rd UN General Assembly session set to open on September 18 will be led by its Foreign Minister Shah Mehmood Qureshi.

Addressing the media on Tuesday, August 28th, Mr. Qureshi said, “No, the prime minister is not going. I shall be leading the Pakistani delegation.”

Notably, debates on whether the new prime minister will be attending the UN session or prefer to stay in Pakistan to focus on economic issues and as part of his austerity drive have been going on for several weeks before this announcement in Pakistan.

Addressing the media, Mr. Qureshi went on to say, “The prime minister of Pakistan thinks that some actions have to be taken towards the current situation in the country.”

In the last fiscal year, Pakistan’s economy expanded at 5.8 percent, its quickest pace in the past 13 years, however, the rupee currency has gone on to get devalued nearly four times since December 2017. Also, Interest rates have been raised three times.

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