Pakistan, June 28 -- Pakistan praises the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) as a new model of multilateralism, citing its critical support after the country's 2022 floods, and called for developing nations to have a greater voice, and even veto power, at global financial institutions, Gwadar Pro reported on Friday.
Speaking at a roundtable for the AIIB's 10th anniversary held here, Kazim Niaz, Secretary at the Ministry of Economic Affairs, positioned Pakistan as a key partner of the bank and a strong advocate for its governance model, which he said gives emerging economies more influence.
"We have always viewed AIIB as a development partner of strategic importance and great potential," Niaz said. "Its inclu...