Pakistani Government is committed to promote green investment: Finance Minister

Pakistani Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Friday highlights his country’s commitment to address climate change and promoting green investment opportunities.

He was delivering a keynote speech via online platform at the UK-Pakistan Green Investment Forum, organized by the British High Commission in Pakistan, according to press statement issued by finance ministry.

He shed light on Pakistan’s disproportionate vulnerability to the devastating impacts of climate change, despite its minimal contribution to global greenhouse gas emissions. He cited a recent World Bank study, estimating potential annual GDP losses of up to 1% due to climate-related risks.

Acknowledging the significant funding gap in adaptation, resilience, and mitigation projects, the Federal Minister stressed the importance of bridging this divide. He noted that the changing weather patterns in Pakistan were impacting agricultural yields and posing threats such as flooding, storms, and heatwaves.

Expressing gratitude to the British High Commission for organizing the forum, the minister acknowledged the need for a better portfolio of green investment projects. He emphasized Pakistan’s reliance on the private sector for support and highlighted the government’s efforts to enhance investor confidence in bankable green opportunities.