Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, highlighted Pakistan’s acute vulnerability to climate-related disasters, particularly floods affecting infrastructure and communities, at the World Economic Forum’s “Financing Planet and Prosperity” meeting.
The Finance Minister outlined the Government’s efforts to strengthen disaster-response frameworks, early-warning systems, and costed climate-investment plans, while emphasizing that external assistance must be complemented by domestic resources and fiscal buffers.
He referred to the mobilization of financing through the World Bank, Asian Development Bank, and international capital markets for relief, adaptation, and reconstruction.
At the same time, the Finance Minister cautioned against complacency and called on international climate funds, including the Green Climate Fund and the Loss and Damage Fund, to simplify their procedures and accelerate access to financing.
