HomePAKISTANPM Shehbaz Calls for Strengthening Climate Financing

PM Shehbaz Calls for Strengthening Climate Financing

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Prime Minister Muhammad Shehbaz Sharif has called for strengthening climate financing and technology sharing, urging private investors to explore Pakistan’s untapped green energy and infrastructure opportunities.

Speaking at the World Governments Summit, he emphasized the need for multilateral institutions to support emerging economies like Pakistan in achieving sustainable economic growth.

The prime minister highlighted that Pakistan’s energy transition alone demands a $100 billion investment.

He stressed that while Pakistan is fully committed to mobilizing domestic resources and policy reforms, international partnerships and financial support remain critical to success.

Pakistan’s Energy Transition and Green Economy Goals

  • 60% clean energy mix by 2030
  • 30% electric vehicle adoption
  • Scaling up solar, wind, and nuclear energy
  • Tapping 50,000 MW of wind energy potential in the southern region
  • Harnessing 30,000 MW of hydro energy in the northern region

To support these efforts, policy reforms, tax exemptions, and net metering have been introduced to encourage solar energy adoption.

  • Headline inflation dropped to 2.4% in January – the lowest in nine years
  • Interest rate capped at 12%
  • The national economic transformation plan, Uraan Pakistan, is driving change
  • Special Investment Facilitation Council (SIFC) established to attract global investors

Pakistan offers one of the most dynamic investment landscapes in Asia, with 70% of its population under 30 and a strategic location bridging South and Central Asia.

Pakistan’s Economic Progress and Investment Potential

The government is simplifying business regulations, enhancing legal protection, and streamlining approvals to position Pakistan as a leading global investment hub.

Under the Adaptation Policy 2023, Pakistan is focusing on eco-friendly agricultural innovations such as:

  • Drip irrigation and water-efficient farming
  • Solar-powered farm operations
  • Climate-smart sensors to monitor soil and weather conditions
  • Drought-resistant crops to tackle climate change impacts

On the Gaza crisis, Prime Minister Shehbaz Sharif condemned the genocidal violence, expressing hope for lasting peace. He reiterated Pakistan’s firm stance on a two-state solution, advocating for an independent Palestinian state with pre-1967 borders and Al Quds as its capital.

Habib Ur Rehman
Habib Ur Rehman
Habib Ur Rehman is a passionate writer with a deep interest in technology, business, and current affairs in Pakistan. With years of experience analyzing trends and developments, Habib delivers insightful articles that keep readers informed and empowered. His work focuses on simplifying complex topics, bridging the gap between innovation and everyday life. Whether it's breakthroughs in tech, economic shifts, or the latest happenings in Pakistan, Habib’s writing offers valuable perspectives to a diverse audience.

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