Pakistan targets investments with bankable projects across key sectors

April 10, 2025 (MLN): Pakistan is developing bankable projects across critical sectors—including green exports, biowaste management, road infrastructure, domestic green private sector development, and green real estate—with the aim of attracting investment and climate financing.

This was discussed during a follow-up meeting between the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Dr. Samuel Rizk, Resident Representative of the United Nations Development Programme (UNDP) Pakistan.

In line with the Finance Minister’s earlier guidance, Dr. Rizk informed that UNDP, in coordination with the Ministry of Climate Change & Environmental Coordination (MoCC&EC) and the Public-Private Partnership Authority (P3A), has identified five preliminary bankable projects valued at over $1 billion.

During the meeting, the UNDP team presented an overview of UNDP’s ongoing technical assistance with bankable projects, according to the press release issued.

Dr. Rizk also provided a briefing on the upcoming 4th International Conference on Financing for Development (FfD4) to be held in Spain later this year.

Key discussions focused on finalizing a portfolio of bankable projects and ensuring Pakistan's proactive participation in FfD4 with a robust, investment-ready pipeline.

Dr. Rizk acknowledged the government of Pakistan’s policy leadership in steering investment and climate financing initiatives in collaboration with government stakeholders and development partners.

Outlining the significance of Pakistan’s improving macroeconomic indicators and enhanced market ratings, Dr. Rizk noted that FfD4 presents a strategic platform for Pakistan.

It offers an opportunity to engage global investors and unlock international climate and development financing.

Dr. Rizk also shared that a preparatory mission from the UN Department of Economic and Social Affairs (DESA) will visit Islamabad next week.

The mission will facilitate planning and capacity-building sessions with federal and provincial governments, key stakeholders, and private sector partners in preparation for Pakistan’s participation in FfD4.

Minister Aurangzeb expressed appreciation for UNDP’s continued support in advancing Pakistan’s climate and Sustainable Development Goal (SDG) financing agenda.

He reaffirmed the government’s commitment to a “whole-of-government” approach.

He directed the Inter-Ministerial Committee, comprising senior officials from the Ministries of Foreign Affairs, Planning & Development, Climate Change, Economic Affairs Division, Finance, and P3A, to work collaboratively.

The goal was to develop a dynamic, investment-attractive portfolio aligned with Pakistan’s structural reform and climate resilience priorities.

The finance minister concluded the meeting by reaffirming the government of Pakistan’s resolve to work closely with UNDP and other development partners.

The aim is to drive sustainable, inclusive economic growth and enhance Pakistan’s role in global climate and development financing forums.

Copyright Mettis Link News