Pak agrees to join ‘Board of Peace’ after seeking $2.5-bn debt’s rollover for ailing economy
In a significant development, Pakistan has agreed 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 will be joining the board in support of the Gaza Peace Plan. This move comes at a time when Pakistan is facing significant economic challenges, and the country has been seeking financial assistance from its allies to stay afloat.
Just days ago, Pakistan approached the United Arab Emirates (UAE) with a request to rollover a $2.5-billion maturing debt, as well as to halve the applicable interest rate. The debt-ridden country has been struggling to manage its finances, and the rollover of the debt is seen as a crucial step in easing the pressure on its economy. The UAE is one of Pakistan’s key allies, and the country has been relying heavily on its support to navigate the current economic crisis.
The decision to join the ‘Board of Peace’ is seen as a significant development, given the economic challenges that Pakistan is facing. The board, which is expected to play a key role in promoting peace in the Gaza region, will reportedly require a $1-billion fee to join as a permanent member. This is a significant amount, considering Pakistan’s current economic situation, and it remains to be seen how the country plans to manage this expense.
The ‘Board of Peace’ is a high-profile initiative, and Pakistan’s decision to join it is expected to have significant implications for the country’s foreign policy. The board is aimed at promoting peace and stability in the Gaza region, and Pakistan’s participation is expected to be seen as a positive step in this direction. However, the country’s economic challenges are likely to remain a major concern, and it remains to be seen how the government plans to balance its economic priorities with its foreign policy objectives.
The Gaza Peace Plan, which is supported by the ‘Board of Peace’, is a comprehensive initiative aimed at promoting peace and stability in the region. The plan involves a range of measures, including economic development, security cooperation, and diplomatic engagement. Pakistan’s decision to join the ‘Board of Peace’ is expected to be seen as a significant endorsement of the Gaza Peace Plan, and the country is likely to play an active role in promoting the initiative.
The economic challenges facing Pakistan are significant, and the country’s decision to join the ‘Board of Peace’ is likely to be seen as a bold move. The $1-billion fee to join the board as a permanent member is a significant expense, and it remains to be seen how the country plans to manage this cost. However, the potential benefits of joining the board, including the opportunity to promote peace and stability in the Gaza region, are likely to be seen as outweighing the costs.
In recent years, Pakistan has been facing significant economic challenges, including a large trade deficit, low foreign exchange reserves, and a heavy debt burden. The country has been relying heavily on external assistance, including loans from the International Monetary Fund (IMF) and other international lenders. The decision to join the ‘Board of Peace’ is likely to be seen as a significant development, given the country’s economic challenges, and it remains to be seen how the government plans to manage the associated costs.
The ‘Board of Peace’ is a high-profile initiative, and Pakistan’s decision to join it is expected to have significant implications for the country’s foreign policy. The board is aimed at promoting peace and stability in the Gaza region, and Pakistan’s participation is expected to be seen as a positive step in this direction. The country’s economic challenges are likely to remain a major concern, and it remains to be seen how the government plans to balance its economic priorities with its foreign policy objectives.
In conclusion, Pakistan’s decision to join the ‘Board of Peace’ is a significant development, given the country’s economic challenges. The $1-billion fee to join the board as a permanent member is a significant expense, and it remains to be seen how the country plans to manage this cost. However, the potential benefits of joining the board, including the opportunity to promote peace and stability in the Gaza region, are likely to be seen as outweighing the costs. As the country navigates its economic challenges, it remains to be seen how the government plans to balance its economic priorities with its foreign policy objectives.
Source: https://www.reuters.com/world/asia-pacific/pakistan-join-trumps-board-peace-gaza-2026-01-21/
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