Islamabad, During a keynote speech at the UK-Pakistan Green Investment Forum, organized by the British High Commission, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, emphasized Pakistan’s dedication to combating climate change and enhancing green investment opportunities.

According to Press Information Department, Minister Aurangzeb highlighted the disproportionate impact of climate change on Pakistan, citing a World Bank study that projected annual GDP losses of up to 1% due to climate-related risks. The forum served as a platform for discussing the significant funding gap in projects aimed at adaptation, resilience, and mitigation. The Finance Minister praised the British High Commission’s role in organizing the event and stressed the importance of the private sector in developing a robust portfolio of green investment projects in Pakistan.

Aurangzeb outlined several government initiatives aimed at boosting investor confidence and attracting international climate finance, including plans to issue domestic green sukuk bonds by December 2024. These efforts are part of a broader strategy to stabilize the economy, as evidenced by improvements in macroeconomic indicators and a successful 9-month Standby Arrangement with the IMF. The minister concluded his speech with an invitation to investors to discuss potential challenges and reaffirmed the government’s commitment to creating a conducive business environment for international investment in Pakistan.