ISLAMABAD - Prime Minister Nawaz Sharif will participate in the Commonwealth Heads of Government Meeting (CHOGM 2013) in Colombo, Sri Lanka, tomorrow, a Foreign Office press release said on Wednesday.

The CHOGM is a biennial event wherein Commonwealth Heads of Government meet to discuss global and Commonwealth issues.

The CHOGM 2013 has a special theme: 'Growth with Equity - Inclusive Development'. Many other events like Commonwealth Business Forum, Commonwealth People's Forum, and Commonwealth Youth Forum are being held in conjunction with CHOGM 2013. On the sidelines of CHOGM, the Prime Minister will meet Mahinda Rajapaksa, the President of Sri Lanka and other world leaders including the Prime Ministers of Australia, Malta and New Zealand.

Pakistan is one of the eight founding members of the Commonwealth, and is steadily enhancing its relations with the Commonwealth.

The Commonwealth has made notable progress in various areas of its activities. It has forged collaboration with the host of international organizations including the United Nations, and has taken important positions on issues of global concern including economic issues, health, environment, and climate change.

Meanwhile, Foreign Secretary Jalil Abbas Jilani representing Pakistan at the Commonwealth Foreign Affairs Ministers meeting being held in Colombo, Sri Lanka, ahead of the Commonwealth Summit, proposed the establishment of a Commonwealth Reserve Fund to assist member states facing socio-economic vulnerabilities, lack of access to financing for development, high and escalating debt burden and natural disasters.

The proposed fund, for which a detailed Concept Paper would be submitted to the Commonwealth Secretariat, could serve to enhancing cooperation for developing, inter alia, a mechanism for early forecasting of financial crisis and guide the countries to take precautionary and timely measures.

Dwelling on the theme of the Commonwealth Summit, "Growth with Equity; Inclusive Development", Jilani informed the meeting about the formulation of Vision 2025 - Pakistan's long term development programme, which aims to create a globally competitive and prosperous country providing a high quality of life for all its citizens.