ISLAMABAD: High-lighting Pakistan’s vulnerability to the diverse effects of climate change, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Friday emphasized his country’s commitment to addressing 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, said a press release issued by the finance ministry.

He said that the government was working on issuing domestic green Sukuk bonds by December 2024 to finance sustainable development projects. He elaborated on the significant improvements in various macroeconomic indicators over the past 10 months.

He provided an overview of the country’s macroeconomic stability, including improvements in inflation, GDP growth in the agricultural sector, increased forex reserves, upward trend in stock market and the projected reduction of the Current Account Deficit.

The minister also communicated about the successful completion of the 9-month-long Standby Arrangement (SBA) of International Monetary Fund (IMF), and expressed the intent to engage with the IMF for a medium-term fund-supported program which demonstrates Pakistan’s resolve to pursue sustained economic growth and stabilization.—APP