Pak agrees to join ‘Board of Peace’ after seeking $2.5-bn debt’s rollover for ailing economy
In a significant development, Pakistan has announced its decision to join the ‘Board of Peace’, a brainchild of former US President Donald Trump, aimed at promoting peace in the Gaza region. The announcement was made by Pakistan’s Foreign Minister, Ishaq Dar, who stated that the country’s participation in the board is a testament to its commitment to global peace and stability. However, this decision comes at a time when Pakistan is facing significant economic challenges, and its decision to join the board has been preceded by a request to the United Arab Emirates (UAE) to rollover a $2.5-billion maturing debt and reduce the applicable interest rate.
The ‘Board of Peace’ is an initiative launched by Donald Trump, with the aim of promoting peace and stability in the Gaza region. The board is expected to play a crucial role in facilitating dialogue and cooperation between nations to achieve lasting peace in the region. Pakistan’s decision to join the board is seen as a positive step, as it is expected to contribute to the country’s efforts to promote regional and global peace.
However, Pakistan’s economic situation is a major concern, and the country’s decision to join the ‘Board of Peace’ has been influenced by its economic needs. The country is facing a significant debt crisis, with a large portion of its debt maturing in the coming months. In a bid to manage its debt, Pakistan has approached the UAE, seeking a rollover of a $2.5-billion maturing debt. The country has also requested a reduction in the applicable interest rate, in an effort to reduce its debt burden.
The decision to join the ‘Board of Peace’ is expected to have significant implications for Pakistan’s economy. According to reports, the board will require a $1-billion fee to join as a permanent member. This is a significant amount, considering Pakistan’s current economic situation. The country’s foreign exchange reserves are already under pressure, and the payment of the fee will further strain its resources.
Despite the economic challenges, Pakistan’s decision to join the ‘Board of Peace’ is seen as a strategic move. The country’s participation in the board is expected to enhance its global reputation and promote its interests on the international stage. Additionally, the board is expected to provide a platform for Pakistan to engage with other nations and promote regional and global peace.
The ‘Board of Peace’ is expected to have a significant impact on the Gaza region, where conflicts have been ongoing for decades. The board’s efforts to promote dialogue and cooperation between nations are expected to contribute to lasting peace in the region. Pakistan’s participation in the board is seen as a positive step, as it is expected to bring a unique perspective to the table.
In recent years, Pakistan has been actively engaged in promoting regional and global peace. The country has played a key role in facilitating dialogue between nations and has been a strong advocate for peaceful resolution of conflicts. Its decision to join the ‘Board of Peace’ is a testament to its commitment to these principles.
However, the decision to join the board has not been without its challenges. Pakistan’s economy is facing significant headwinds, and the country’s decision to join the board has been influenced by its economic needs. The payment of the $1-billion fee to join the board as a permanent member will further strain the country’s resources.
In conclusion, Pakistan’s decision to join the ‘Board of Peace’ is a significant development, with both positive and negative implications. On the one hand, the country’s participation in the board is expected to contribute to regional and global peace, and enhance its reputation on the international stage. On the other hand, the decision to join the board has been influenced by Pakistan’s economic needs, and the payment of the $1-billion fee will further strain the country’s resources.
As the situation continues to unfold, it will be important to monitor the implications of Pakistan’s decision to join the ‘Board of Peace’. The country’s economic situation is a major concern, and its ability to manage its debt and promote economic growth will be crucial in the coming months.
Source:
https://www.reuters.com/world/asia-pacific/pakistan-join-trumps-board-peace-gaza-2026-01-21/
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