United Nation: Pakistan urged the international community to create a financial mechanism to counteract the rising energy prices for the most badly impacted nations on Tuesday at the United Nations.
Pakistan’s permanent representative Munir Akram stated that “ensuring energy access to all, from all sources, must be given top priority” during a briefing for ambassadors of the Group of 77 at the UN.
This “should ensure equitable access to energy sources and a funding mechanism to offset the high prices,” he stated.
The majority of Pakistan’s key energy sources come from oil and natural gas. Pakistan’s import bill increased along with the sharp rise in world crude oil prices.Pakistan’s crude oil imports increased to $4.76 billion in the first eleven months of the current fiscal year from $2.72 billion in the same period the year before.
“Energy is a vital enabler of economic progress, wealth, and expansion. The majority of the Sustainable Development Goals (SDGs) can be achieved through it, according to Ambassador Akram, who made the statement at the G-77 briefing on energy.
The Group of 77, an alliance of 134 developing nations in the UN, is currently presided over by Pakistan. Within the UN system, the group advances the member nations’ common economic interests.
