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Pakistan takes action to mobilize climate finance with launch of NCFS, SFB

COP28: Loss
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November 15, 2023 (MLN): The government has launched the National Climate Finance Strategy (NCFS) and set up the Sustainable Finance Bureau (SFB) to pinpoint climate sector priorities and boost climate finance efforts in the country, Caretaker Minister for Planning, Muhammad Sami Saeed highlighted during a meeting on Tuesday.

According to a press release issued on the said day, the Caretaker Minister for Planning Development & Special Initiatives, Muhammad Sami Saeed chaired a meeting with a two-member delegation led by Jo Moir, Director of Development at British High Commission Islamabad.

During the meeting, the two sides exchanged views on the existing portfolio for Pakistan and expressed their resolve to further enhance it in the future.

The Planning Minister appreciated the support of BHC for its decades-long assistance, which has been playing a vital role in the socio-economic uplift of Pakistan.

He also appreciated their continued support and commitment to the ongoing development projects, particularly in the climate sector.

Pakistan is among the countries in the world that are most affected by weather/climate-related hazards such as floods, landslides, droughts, heat waves, extreme cold, and cyclones, etc.

Moir appreciated the steps taken by the Planning Ministry and assured their full support in the future.

She reaffirmed the UK's commitment to supporting Pakistan in its journey toward climate resilience and sustainable development.

The UK has been actively involved in addressing the climate challenges which are being faced by Pakistan.

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Posted on: 2023-11-15T12:04:01+05:00