Finance Minister cautions against complacency on climate financing

MG News | September 23, 2026 at 04:57 PM GMT+05:00

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September 23, 2026 (MLN): Pakistan's acute vulnerability to climate-related disasters, particularly floods affecting infrastructure and communities, was highlighted by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb 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, emphasizing that external assistance must be complemented by domestic resources and fiscal buffers, said a press release issued.

He referred to the mobilization of financing through the World Bank, the Asian Development Bank and international capital markets to support relief, adaptation and reconstruction efforts.

At the same time, Senator Aurangzeb 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.

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