Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, participated in the high-level dialogue hosted by the World Economic Forum (WEF) on “Powering Growth in the New Economy” during his visit to attend the 81st Session of the United Nations General Assembly (UNGA).
The Finance Minister highlighted that the global focus has shifted from energy transition to the more immediate challenge of energy security, particularly amid ongoing geopolitical conflicts and disruptions to fuel supplies.
He noted that Pakistan has experienced a significant, largely private-sector-led expansion in solar energy, demonstrating the potential of renewable energy to reduce dependence on imported fuels.
The Finance Minister also emphasized that difficulties in securing energy supplies have wider economic consequences, as energy security is closely linked to food security and overall economic resilience.
