Pakistan seeks clean energy investment, PM calls for support

February 12, 2025 (MLN): To boost climate financing and technology sharing, Prime Minister Shehbaz Sharif called on global governments and private investors to support Pakistan’s clean energy and infrastructure development.

Speaking at the World Governments Summit in Dubai, he stressed the need for multilateral institutions to help emerging economies like Pakistan achieve sustainable growth.

Shehbaz Sharif reaffirmed Pakistan’s commitment to mobilizing domestic resources and policy reforms but stressed that international partnerships remain crucial for transitioning to a green economy.

He highlighted that Pakistan’s energy shift alone requires $100 billion in investment, with a target of achieving a 60% clean energy mix by 2030 and transitioning 30% of vehicles to electric mobility.

Pakistan is rapidly scaling up solar, wind, hydropower, and nuclear energy, with vast untapped potential in the southern and northern regions.

The government is also promoting solar energy adoption through policy reforms, tax exemptions, and investment incentives.

Highlighting Pakistan’s investment potential, the Prime Minister noted its strategic location, dynamic young population, and emerging middle class, positioning the country as a key destination for global capital.

He outlined government efforts to simplify business regulations and streamline investment processes through the Special Investment Facilitation Council, focusing on renewable energy, technology, minerals, and agriculture.

On agricultural sustainability, Shehbaz Sharif highlighted eco-friendly innovations such as precision farming, drought-resistant crops, and solar-powered irrigation to enhance food security and rural development.

Regarding Palestine, he expressed hope for lasting peace and reaffirmed Pakistan’s support for a two-state solution based on UN resolutions, ensuring an independent Palestinian state with pre-1967 borders and Al-Quds Al-Sharif as its capital.

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