‘Many countries are falling into debt amid pandemic,’ says Munir Akram

Syed Umarullah HussainiWeb Editor

07th Dec, 2020. 11:26 am
Munir Akram

Permanent Representative of Pakistan to the United Nations (UN) Munir Akram has said that many countries are falling into debt amid the novel coronavirus pandemic.

According to the details, while giving an interview as President of UN Economic and Social Council, Munir Akram said that for the developing countries, there is an immediate need of two to three trillion dollars to revive their economies.

He said that economic collapse is confronting a number of vulnerable countries and the consequences of this disaster will also be devastating for the world economy as a whole.

Munir Akram said we need to take urgent actions to meet the needs of developing countries, otherwise, we will have a humanitarian disaster on our hands.

Munir Akram earlier said that “We have to ensure the supply of corona vaccine to all. The world cannot be safe until Corona is defeated in poor countries.”

He said the United Nations must provide emergency financial assistance to the public and private sectors. The first world countries have added 13 trillion to stimulate the economy, whereas, on the other hand, developing countries are struggling for 2.5 trillion to stabilize their economic conditions.

Munir Akram said that international cooperation is the need of time. “For the first time, the World Summit on Social Development has reached a consensus on public development.” The Ambassador added.

He said that 100 million people were being pushed into extreme poverty. The governance of finance, trade, and technology needs to be made more equitable.

Coronavirus Situation in Pakistan

Pakistan has reported 3795 new cases of the novel coronavirus in the past 24 hours, taking the national caseload tally to 420,294.

According to the COVID-19 Portal of Government, 37 more people died in the past 24 hours due to the dread virus. After new deaths, the death toll has hit 8398. As many as 1530 patients recovered from the disease in a single day. Overall 356,542 people have recovered from the deadly disease.

The total count of active cases is 55,354 and the positivity rate of COVID-19 cases reaches up to 9.7 percent. Moreover, a total of 39,076 tests were administered across the country during this period. So far while 5,794,242 samples have been tested thus far.

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