The Federal Minister of Finance and Income Muhammad Aurangzeb said that Pakistan wanted to adopt the Malaysian green financing model as a framework for its sustainable development strategy.
Friday, the declaration occurred during a video address on the Pakistani Stock Exchange (PSX), where Aurangzeb announced the launch of the inaugural obligation of Green Sukuk from Pakistan.
The guarantee aims to finance sustainable environmental projects.
Aurangzeb congratulated the PSX for its closure to a record of the day before, noting the reflection of the confidence of investors.
He described climate change as an important threat to Pakistan and underlined the need for sustainable funding.
He also mentioned recent commitments with investors in Washington and London, declaring that the global community is satisfied with the macroeconomic stability of Pakistan, crediting improvements to key indicators such as inflation control and exchange reserves.
Aurangzeb said that the preparations for the 2025-20126 budget are underway, the stakeholders contributing to a robust budgetary plan. He also noted continuous efforts to ensure climate funding to mitigate environmental impacts.
The Minister of Finance added that Pakistan famous Youm-E-Tashakur (Gratitis Day) with enthusiasm, reflecting optimism about the economic and environmental progress of the country.
The day is marked the historic victory of Marka-E-Haq and to pay tribute to the armed forces and the resilient people of the country after the success of the Bunyan Marsoos operation.
