AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

RIYADH: G20 foreign ministers on Thursday sought international cooperation over easing travel restrictions and reopening borders, as months of coronavirus shutdowns exert a drag on the global economy.

National shutdowns of varying intensity and duration have taken a toll on livelihoods around the globe as businesses are shuttered, revenues plunge and millions are forced out of work.

"During the meeting, foreign ministers acknowledged the importance of opening borders, uniting families, and promoting measures to allow the economy to thrive," the G20 group said in a joint statement.

The ministers also discussed the "importance of coordinating precautionary measures" across borders to protect lives and livelihoods, added the statement following a virtual meeting hosted by Saudi Arabia.

The oil-rich kingdom, which has suspended international travel for months in a bid to limit the spread of the virus, holds the G20 presidency this year.

"Reopening borders, in accordance with all the protective measures... will help our economies to thrive, people to prosper, and will of course bring hope for humanity," Saudi Foreign Minister Prince Faisal bin Farhan was quoted as saying in the statement.

UN Secretary-General Antonio Guterres said concerns were growing that the current travel restrictions "could outlast the immediate crisis".

He urged the G20 ministers to agree on "common criteria" to lift the restrictions based on a scientific approach.

In his remarks at the meeting, he also implored the ministers to boost investment to support "safe travel", including measures to enhance testing and tracing.

The meeting comes after a raft of recent economic data, from India to Europe, laid bare the toll from lockdowns as nations try to keep a lid on an illness that has killed more than 850,000 people and infected over 25 million.

New Delhi on Monday reported that Asia's third-largest economy suffered a historic 23.9 percent contraction between April and June amid hefty restrictions on businesses.

Meanwhile, Brazil's economy, the biggest in Latin America, contracted by a record 9.7 percent in the second quarter of the year.

Comments

Comments are closed.