Pakistan Joins Trump's 'Board of Peace' Amidst $2.5 Billion Debt Crisis
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Moneycontrol•22-01-2026, 16:07
Pakistan Joins Trump's 'Board of Peace' Amidst $2.5 Billion Debt Crisis
- •Pakistan announced its decision to join Donald Trump's new 'Board of Peace', a diplomatic initiative aimed at advancing a permanent ceasefire and reconstruction in Gaza.
- •The move comes despite Pakistan grappling with severe economic turmoil, including a $2.5 billion debt to the UAE and ongoing negotiations with the IMF for a $7 billion loan program.
- •Pakistan is reportedly spending nearly $1 billion to become a permanent member of this 'Peace Board', which includes eight Islamic countries.
- •Foreign Minister Ishaq Dar defended the decision, stating it aligns with the country's support for the Gaza peace plan, while critics highlight the irony of seeking debt forgiveness while joining an expensive international club.
- •The 'Board of Peace', announced on January 15, 2026, aims to govern Gaza post-war, attract investment, rebuild infrastructure, and mediate global conflicts, with Trump suggesting it could replace the UN.
Why It Matters: Pakistan's decision to join Trump's 'Board of Peace' for $1 billion raises eyebrows amidst its severe economic crisis.
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