The Federal Minister of Finance and Revenue Muhammad Aurangzeb has said that Pakistan is eager to adopt Malaysia’s model for green funding as a framework for his sustainable development strategy.
The statement came under a video address at Pakistan Stock Exchange (PSX) on Friday, with Aurangzeb announcing the launch of Pakistan’s original Green Sukuk Bond.
The bond is aimed at financing environmentally sustainable projects.
Aurangzeb congratulated PSX of closing on a record high on the previous day and noticing it as a reflection of the investor’s confidence.
He described climate change as a significant threat to Pakistan and emphasized the need for sustainable financing.
He also mentioned recent engagements with investors in Washington and London, where he said the global community is satisfied with Pakistan’s macroeconomic stability that credits improvements in key indicators such as inflation control and currency reserves.
Aurangzeb said the preparations for the budget 2025-26 are underway, with stakeholders contributing proposals for a robust financials. He also noticed ongoing efforts to ensure climate financing to mitigate environmental impacts.
The finance minister added that Pakistan is celebrating YouM-E-Taskur (Day of Smoothy) with enthusiasm, reflecting optimism about the country’s economic and environmental progress.
The day is marked by the historic victory for Marka-E-Haq and paid tribute to the armed forces and the country’s elastic people after success with Operation Bunyan Marsoos.
