The Federal Minister of Finance and Income, Muhammad Aurengzeb has said that Pakistan is willing to adopt the Malaysian green financing model as a framework for its sustainable development strategy.
The statement was produced during a video address in the Pakistan bag (PSX) on Friday, where Aurengzeb announced the launch of Bond Green Sukuk inaugural Pakistan.
The bonus aims to finance environmentally sustainable projects.
Aurengzeb congratulated the PSX for the closure in a record of the previous day, pointing out as a reflection of investor’s confidence.
He described climate change as a significant threat to Pakistan and emphasized the need for sustainable financing.
He also mentioned recent commitments with investors in Washington and London, stating that the global community is satisfied with Pakistan macroeconomic stability, proving improvements in key indicators such as inflation control and foreign exchange reserves.
Aurengzeb said that preparations for budget 2025–26 are in progress, with interested parties that contribute proposals for a robust fiscal plan. He also pointed out continuous efforts to ensure climate financing to mitigate environmental impacts.
The Minister of Finance added that Pakistan is celebrating Yom-E-Tashakur (Gratituto Day) with enthusiasm, reflecting optimism about the economic and environmental progress of the country.
The day is being marked the historical victory of Marka-E-HAQ and to pay tribute to the armed forces and the resistant people of the country after the success of the Bunyan Marsoos operation.
