According to sources, the IMF agreed to provide $1 billion in climate financing after the first quarterly economic review, expected to occur in March. Sources revealed that the climate financing will be part of the Extended Fund Facility (EFF) loan program, which will become the largest program in Pakistan’s history once approved. The economic team […]
The SC constitutional bench has been formed under the 26th Constitutional Amendment. A six-member bench was headed by Justice Aminuddin, which took up the plea. During the hearing, Justice Jamal Mandokhail stated that the petition was a review and the case could not be reopened. The petitioner’s lawyer, Riaz Hanif, argued that the Supreme Court […]
“Pakistan endorses Ms. Albanese’s stance that Israel is obstructing international investigation efforts, including denying the entry of fact-finding teams from the United Nations. We support her call on the international community to act decisively in ending Israel’s unbridled atrocities against Palestinians and to ensure unhindered humanitarian assistance to Gaza, as well as full financing and […]
According to sources, Finance Minister Muhammad Aurangzeb will make the request during the annual IMF meetings, scheduled to take place later this month. This development came after Pakistan’s initial request for climate financing was not immediately approved by the IMF, sources said. Sources revealed that Pakistan has taken steps to address fiscal sustainability and mobilize […]
During a meeting with IMF Managing Director Kristalina Georgieva, Prime Minister Shehbaz Sharif discussed the need for urgent action to control climate change in Pakistan. The loan will support Pakistan’s Climate Resilience and Sustainability Facility, which aims to promote economic stability and sustainable development in the country. The Prime Minister also expressed appreciation for the […]
Every month since June 2023 – 13 months in a row – has ranked as the planet’s hottest since records began, compared with the corresponding month in previous years, the European Union’s Copernicus Climate Change Service (C3S) said in a monthly bulletin. The latest data suggest 2024 could outrank 2023 as the hottest year since […]
PM’s aide in a statement on Sunday said this innovative channel aims to educate farmers on climate adaptation strategies, disaster management techniques, and sustainable practices to mitigate environmental degradation. The Coordinator said the channel will leverage the services of Pakistan Television (PTV) to broadcast programs in six regional languages, ensuring that vulnerable communities receive timely […]
In an official statement, the Special Assistant to the Prime Minister (SAPM) on Climate Change; Malik Amin Aslam, has revealed that the government of Punjab has successfully shifted all the brick kilns to a newer and more efficient zigzag technology. Given the current environmental situation; the SAPM on Climate Change said that large-scale efforts to […]
President Joe Biden will announce new bans on drilling on federal lands, as well as a US-hosted climate summit in April, as part of a raft of actions that take aim at rising global temperatures. The federal government will pause new oil and natural gas leases on public lands or offshore waters “to the extent […]
