The federal government has submitted the Green Pakistan Initiative report to the International Monetary Fund (IMF), fulfilling one of the lender’s key review requirements. The report, compiled by the Planning Commission, highlights Pakistan’s climate change projects and progress in environmental sustainability.
IMF Requested Climate Action Progress Report
According to sources, the IMF specifically requested the inclusion of a progress report on climate-related initiatives as part of its review agenda. In response, the Finance Ministry directed the Planning Commission to prepare the document, ensuring compliance with the Fund’s requirements.
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The Green Pakistan Initiative outlines Pakistan’s ongoing and planned efforts to combat climate change, improve environmental resilience, and support sustainable development. The submission of this report is expected to strengthen Pakistan’s position in securing continued financial support and demonstrating its commitment to global climate goals.
Discussions on PSDP Expenditures and Budgetary Cuts
In addition to the Green Pakistan Initiative, discussions between the government and the IMF delegation also covered the Public Sector Development Program (PSDP) expenditures and the budgetary cuts for the current fiscal year. Officials from the Finance Ministry and Planning Commission provided an initial briefing, outlining Pakistan’s fiscal policies and spending adjustments.
Sources indicate that regular negotiations with the IMF delegation will commence later today, with additional meetings scheduled in the coming days. The Finance Ministry and other relevant ministries are expected to engage in further talks with the Fund to address economic concerns and secure financial stability.
Pakistan’s Commitment to Green Development
The Green Pakistan Initiative is a critical part of Pakistan’s efforts to align with global climate goals, attract foreign investments in green projects, and ensure long-term environmental sustainability. As Pakistan navigates its economic challenges, balancing development priorities with fiscal discipline remains a key focus for the government.
