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Govt promoting friendly policies to attract investment in hydropower projects: Minister

Political stability crucial for Pakistan's economic turnaround: Ahsan Iqbal
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October 24, 2022 (MLN): The government is promoting investor-friendly policies to attract investment in environment-friendly hydropower projects, Minister for Planning and Development Ahsan Iqbal on Monday said while addressing an event in Islamabad.

He added that the government is striving to harness the identified environment-friendly power potential of over forty-two thousand megawatts.

Alluding to the devastation caused by recent floods, the Minister said Pakistan is contributing less than one percent to global carbon emissions but it is amongst the top ten countries in the world badly affected by climate change.

He also informed that the recent climate disaster has cost over $32 billion.

"It is not only an economic loss but this climate disaster has hit the poorest of the poor people. He said urgent tangible and implementable steps are needed to escape Pakistan from the catastrophic impacts of climate change," he noted. 

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Posted on: 2022-10-24T14:19:55+05:00

News Id :35582