Investing in humanity


Delegates and policymakers from around the world have been voicing renewed concerns about a likely slowdown in the year 2023 and the emerging geo-politics and geo-economic scenario surrounding major challenges facing the humanity, including wars, pandemics and natural disasters, which have turned the life support system on the planet upside down.
The theme of the three-day event, organized by the Future Investment Initiative Institute in the Saudi Arabian capital, Riyadh, is “Investing in Humanity: Enabling a New Global Order”. The conference provides a global platform for policymakers, investors and scholars to share their insights on the dicey situation and present their future plans to steer the world out the stormy seas.
Seen as a super chance by bankers and investors, the conference, which is being attended by as many as 6,000 delegates, offers a unique partnership to Pakistan with the world’s big economies to seek new pathways toward expanding its horizons for foreign investments.
Represented by its Prime Minister Shehbaz Sharif in the moot, Pakistan is perfectly poised to strike a balancing note with the investors and bankers to come to the county, showcase their spots for future investment and find out remedies for the country’s economic woes and challenges, which have been exacerbated in recent months and years by the Covid-19 pandemic and climate crisis.
The world leaders are likely to put together their heads to find pragmatic solutions to combat the challenges and serious concerns about the threat of recession hitting the world economies.
As the pandemic and climate-induced disasters have already put immense strains on all developing countries, the conference has immense importance for Pakistan to boost prospects of economic growth and outlook to provide for its teeming millions.
The conference is expected to shape the future of international investment, plug loopholes in the global economy, review the world’s outlook on the present day challenges and provide the impetus to work towards de-escalation in tensions, particularly the Russia-Ukraine conflict, which, if not ended, would lead to further aggravate the current food security situation around the world.
Saudi Arabia, which is the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), has disagreed with the United States not to cut crude output, which already done, is feared to add to the fuel and energy crisis and create more uncertainty in the energy market.
An effective diplomatic communication with the global economic policymakers and investors will be an important factor to bring stability to fuel prices in Pakistan and lift its tattering economy from the ruins.
By holding international events like the Future Investment Initiative conference, Riyadh has taken up a daunting task upon itself and has had its friends onboard to find remedy for global inequality, economic ills and geo-political conflicts which have been upending the progress towards a prosperous future. Pakistan needs to fully cash in on the opportunity and strike the much-needed balancing act in its interaction with the world economies to boost its economic outlook.