Finance Minister Muhammad Aurangzeb says that by the end of this month, the International Monetary Fund (IMF) Executive Board will approve the staff level agreement.
Speaking at the event in Islamabad, Federal Finance Minister Muhammad Aurangzeb said that Pakistan is included in the list of countries affected by climate change and climate financing will also be discussed after the agreement is approved by the IMF Executive Board. Climate financing will be discussed with the IMF and the World Bank during the annual meeting.
The Finance Minister said that the population in Pakistan has increased a lot and the bomb of population growth has exploded in the country. Pakistan has to control the population along with avoiding the effects of climate change. Effective plans have to be made for the financing of
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Mohammad Aurangzeb added that the Ministry of Finance and the Ministry of Climate Change are working together with the IMF and the World Bank. To improve the country’s economic situation, the budget, tax measures, energy sector and quality of life must be improved. Monitoring of climate change projects should be improved in collaboration with the MF and the World Bank.
The report further states that concessions were given to the plants generating electricity from furnace oil and gas, concessions were to be given to the plants generating electricity from water. Expensive electricity provided, government policy making in such a way shakes the economic structure of the country, DISCO companies should adopt proper mechanism to collect revenue.
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2024-08-05 13:30:58
