Pakistan steps up climate finance drive in Riyadh

December 11, 2025 (MLN): Pakistan has entered key discussions on climate financing and development funding as Finance Minister Muhammad Aurangzeb arrived in Riyadh for the Global Development Finance Conference Momentum 2025.

The three-day gathering came as Islamabad looks to secure capital for climate resilience and deepen economic cooperation with Gulf partners amid ongoing reforms, according to the press release. 

Aurangzeb will take part in a high-level session on climate adaptation, where global policymakers are examining how developing economies can access long-term financing to manage rising climate risks.

Pakistan faces repeated climate shocks and constrained fiscal space as it pushes for greater international support to strengthen economic stability and fund resilience initiatives.

The minister is also scheduled to meet senior Saudi officials including leadership from the National Development Fund and the Ministry of Finance to explore avenues for development financing, investment flows and broader economic cooperation.

These discussions align with Pakistan’s efforts to expand external partnerships while implementing reforms across energy, taxation, debt management and state-owned enterprises.

Aurangzeb will engage with international media outlets, including CNN, RIA Novosti and CGTN, to outline Pakistan’s reform trajectory and investment outlook.

He will additionally meet Pakistan’s diplomatic mission in Riyadh to review bilateral engagements and upcoming economic diplomacy priorities.

Pakistan also engaged global investors on the sidelines of the conference, where Advisor to the Finance Minister Khurram Schehzad met BlackRock Vice Chairman Philipp Hildebrand.

Khurram Schehzad briefed him on Pakistan’s improving macro indicators, ongoing reforms in energy, taxation and state-owned enterprises, and the stock market’s strong performance relative to regional peers.

According to Khurram Schehzad, Hildebrand noted Pakistan’s economic recovery and its investment potential as international partners reassess emerging-market opportunities.

Copyright Mettis Link News