PM in Baku to present Pakistan’s ‘climate priorities’ at COP29 summit today

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Updated 12 November 2024
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PM in Baku to present Pakistan’s ‘climate priorities’ at COP29 summit today

PM in Baku to present Pakistan’s ‘climate priorities’ at COP29 summit today
  • The annual UN climate summit, which opened on Monday, is expected to see tough talks on finance and trade
  • PM Shehbaz Sharif will call on developed nations to undertake deeper emission cuts, Pakistani foreign office says

ISLAMABAD: Prime Minister Shehbaz Sharif joined world leaders in Baku on Tuesday for the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), scheduled to continue till Nov. 22, where the premier said Pakistan would present its climate priorities and call for commitments that usher in “real, measurable impact.”
The annual UN climate summit, which opened on Monday, is expected to see tough talks on finance and trade, following a year of weather disasters that have emboldened developing countries in their demands for climate cash. Nearly 200 countries are gathering for the summit, where reaching a consensus for a deal among so many will be difficult.
Sharif will address the World Leaders Climate Action Summit on Nov. 13, while he will also attend several high-level events on the sidelines of the summit and hold bilateral meetings with world leaders, Pakistan’s foreign office said in an earlier statement. Pakistan will also host several high-level events and roundtable discussions at the Pakistan Pavilion during COP29.
“Just landed in Baku, a city that beautifully bridges cultures and continents— symbolizing the unity we need to overcome our shared climate challenges,” Sharif wrote on social media platform X. “At #COP29, Pakistan will present its climate priorities, calling for commitments that bring real, measurable impact.” 
The Pakistani premier was welcomed by United Nations Secretary-General Antonio Guterres and Azerbaijan President Ilham Aliyev upon his arrival to the plenary. Later, he also posed for a family photo along with other world leaders at the venue. 




People walk outside the venue for the COP29 U.N. Climate Summit on November 9, 2024, in Baku, Azerbaijan. (AP)

Pakistan is ranked the 5th most vulnerable country to climate change, according to the Global Climate Risk Index. In 2022, devastating floods killed over 1,700 people and affected over 33 million, with economic losses exceeding $30 billion. International donors last January committed over $9 billion to help Pakistan recover from the ruinous floods but little of that cash has yet to trickle in, according to officials.
Pakistan also regularly faces other climate change-induced affects such as droughts, cyclones, torrential rainstorms and heatwaves. Currently, record-high air pollution levels have triggered hundreds of hospitalizations, school closures and stay-at-home orders in the eastern city of Lahore and other cities in the populous Punjab province, which has been enveloped in a thick, toxic smog since last month.
A mix of low-grade fuel emissions from factories and vehicles, exacerbated by agricultural stubble burning, blanket Lahore and its surroundings each winter, trapped by cooler temperatures and slow-moving winds. The city of 14 million people stuffed with factories on the border with India regularly ranks among the world’s most polluted cities, but it has hit record levels this month, as has New Delhi.
Pakistan’s foreign office said in an earlier statement that it will call for “balanced and ambitious progress” on all issues such as loss and damage, adaptation, mitigation and means of implementation. The foreign office said Islamabad would seek predictable financing to address developing countries’ climate goals. 
“Pakistan will also underscore the historical responsibility and the principle of Equity and Common but Differentiated Responsibility and call on developed nations to undertake deeper emission cuts,” the statement said. 
Officials said this month Pakistan will urge developed countries at COP29 to fulfill past pledges and provide easy access to climate funding without attaching conditions.
“Pakistan is very clear on our stance on what we need from all the developed countries when it comes to the pledges, one, they need to complete their pledges, they need to fulfill their pledges, and two, easy access to the fundings,” Romina Khurshid Alam, PM Shehbaz Sharif’s coordinator on climate change, told Arab News in an interview on Nov. 8.


Pakistan central bank to launch ‘green taxonomy’ guidelines by June — finance minister

Pakistan central bank to launch ‘green taxonomy’ guidelines by June — finance minister
Updated 58 min 18 sec ago
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Pakistan central bank to launch ‘green taxonomy’ guidelines by June — finance minister

Pakistan central bank to launch ‘green taxonomy’ guidelines by June — finance minister
  • Guidelines will pave the way for launching instruments like green bonds, green sukuk, country’s first panda bond
  • Pakistan is making efforts to mobilize private sector capital for environmentally sustainable development

KARACHI: The State Bank of Pakistan is finalizing a green taxonomy framework set for launch in June, the finance minister said this week, paving the way for innovative instruments such as green bonds, green sukuks, and the country’s inaugural panda bond.

In May 2021, Pakistan issued its first $500 million green bond to fund a hydroelectric project. Last month, the country launched its first-ever rupee-denominated green bond as part of efforts to mobilize private sector capital for environmentally sustainable development.

Pakistan’s Nationally Determined Contributions 2021 (NDCs) set a cumulative and ambitious conditional target of an overall 50 percent reduction in its projected emissions by 2030, with 15 percent from the country’s own resources, and 35 percent subject to provision of international finance amounting to $101 billion just for energy transition. To reach the target, Pakistan aims to shift to 60 percent renewable energy (RE), and 30 percent EVs by 2030 and completely ban imported coal, while expanding nature-based solutions. A green finance scheme in the country can significantly support the achievement of these targets.

“Now the State Bank is in the process of finalizing the green taxonomy guidelines,” Finance Minister Muhammad Aurangzeb said during a talk at The Atlantic Council. “In the June timeframe, they will come out with the green taxonomy framework.”

Recalling Pakistan’s first green bond by the Water and Power Development Authority in 2021, he said a second step under the green taxonomy framework would be launch green sukuk, a Shariah-compliant Islamic bond where the proceeds are used to finance or refinance green projects that contribute to environmental sustainability, such as renewable energy, infrastructure development, and biodiversity preservation.

“The second is some of the green sukuks that we have issued locally now through the ministry of finance and the State Bank,” he said. “

“And the last thing I just want to mention here is we are quite hopeful that during this calendar year, we can print the first, inaugural panda bond that is going to also be green in nature, because the proceeds of those bonds are going to be linked with the SDG [UN’s Sustainable Development Goals] projects. So a lot is happening in that space.”

A panda bond is a Chinese Yuan (RMB)-denominated bond issued by a non-Chinese entity within China’s domestic bond market. This type of bond allows foreign entities, including governments and corporations, to access Chinese capital markets and tap into the liquidity of the Chinese financial system. Essentially, it is a way for non-Chinese issuers to raise funds in China without having to go through the standard international bond issuance process. 

Pakistan is highly vulnerable to climate change, experiencing significant impacts like rising temperatures, changing precipitation patterns, and increased extreme weather events. These changes threaten water, food, and energy security, impacting agriculture, coastal areas, and ecosystems, according to a report from the Ministry of Climate Change and Environmental Coordination. The country is also grappling with sea-level rise, glacial melting, and increased droughts.


EU-Pakistan Business Network to launch in May

EU-Pakistan Business Network to launch in May
Updated 23 April 2025
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EU-Pakistan Business Network to launch in May

EU-Pakistan Business Network to launch in May
  • First high-level EU-Pakistan Business Forum to strengthen economic and business ties, unlock investment and trade to be held in May
  • Pakistan is largest beneficiary of the EU’s GSP+ trade scheme, Pakistan businesses have increased exports to EU market by 108 percent since 2014

ISLAMABAD: The first high-level EU-Pakistan Business Forum (EU-PKBF), designed to strengthen economic and business ties and unlock investment and trade will be held in May, the EU press office said on Wednesday, adding that the platform would also mark the official launch of the EU-Pakistan Business Network.

Pakistan has become the largest beneficiary of the EU’s GSP+ trade scheme in recent years, with its businesses increasing their exports to the EU market by 108 percent since the launch of the trade scheme in 2014. In October 2023, the EU unanimously voted to extend GSP+ status until 2027 for developing countries, including Pakistan.

“The Forum will also mark the official launch of the EU-Pakistan Business Network, a dynamic initiative aimed at bringing together all EU businesses active in Pakistan allowing to channel their collective voice,” the EU said, saying the EU-PKBF would be held from May 14-15.

The forum will include business-to-government sessions with high-level government officials and offer business-to-business opportunities. 

“Finally, in view of Pakistan benefiting from the EU’s Global Gateway offer: the EU’s largest investment program outside of the EU that aims to leverage 300 billion EUR of investment until 2027, the Forum will facilitate Business-2-Financial Institutions matchmaking and unveil new projects and investment opportunities.”

The business forum will see participation from high-level policymakers such as Prime Minister Shehbaz Sharif and the ministers of finance and commerce as well as EU and Pakistani business leaders and investors, who will get a “common space to exchange on opportunities and challenges of doing business in Pakistan, including in the sectors of textiles and apparel, agriculture and agri-business, pharmaceuticals and health care equipment, and renewable energy/connectivity.”
 


Pakistan reports 7th polio case of 2025 as two killed in attack on vaccine team 

Pakistan reports 7th polio case of 2025 as two killed in attack on vaccine team 
Updated 23 April 2025
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Pakistan reports 7th polio case of 2025 as two killed in attack on vaccine team 

Pakistan reports 7th polio case of 2025 as two killed in attack on vaccine team 
  • Pakistan on Monday began a week-long anti-polio drive aimed at vaccinating over 45 million children
  • Two security officials deployed to protect a polio team killed in gun attack in Mastung in Balochistan 

PESHAWAR: Pakistan’s polio eradication program said on Wednesday a new case of the virus had been confirmed in the northwestern Khyber Pakhtunkhwa province, bringing the total count for 2025 to seven, as a nationwide campaign to inoculate millions of children continued.

Pakistan on Monday began a week-long drive aimed at vaccinating over 45 million children against polio. The country, which reported 74 polio cases in 2024, has planned three major vaccination campaigns in the first half of the year. This week’s drive is the second one for 2025 while a third will begin May 26.

“The Regional Reference Laboratory for Polio Eradication at the National Institute of Health Islamabad has confirmed a polio case from District Torghar, Khyber Pakhtunkhwa,” the lab said in a statement, saying this was the second case from KP this year and the seventh from across Pakistan. 

Pakistan and neighboring Afghanistan are the last polio-endemic countries in the world. In the early 1990s, Pakistan reported around 20,000 cases annually but in 2018 the number dropped to eight cases. Six cases were reported in 2023 and only one in 2021.

But Pakistan’s polio program, launched in 1994, has faced persistent challenges including vaccine misinformation and resistance from some religious hard-liners who claim immunization is a foreign conspiracy to sterilize Muslim children or a guise for Western espionage. 

Militant groups have also repeatedly targeted and killed polio vaccination workers, including last week when gunmen attacked a vehicle and abducted two polio workers in Khyber Pakhtunkhwa province. On Monday, one militant was killed when gunmen opened fire on a police party escorting a polio team on the outskirts of Wana, the main town in KP’s South Waziristan district. 

On Wednesday, two security officials deployed to protect a polio vaccine team were killed in a gun attack in the Teri area of Mastung in the southwestern Balochistan province. 

“Such incidents cannot diminish the resolve of the government of Pakistan to completely eradicate polio from the country,” Prime Minister Shehbaz Sharif said in a statement. 

“The people should not be disappointed but should protect their future by administering polio drops to their children. The anti-polio campaign will continue with full vigor under any circumstances.” 


Cherry and apricot blossoms brighten snowy fields in Pakistan’s Gilgit-Baltistan

Cherry and apricot blossoms brighten snowy fields in Pakistan’s Gilgit-Baltistan
Updated 33 min 54 sec ago
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Cherry and apricot blossoms brighten snowy fields in Pakistan’s Gilgit-Baltistan

Cherry and apricot blossoms brighten snowy fields in Pakistan’s Gilgit-Baltistan
  • Tourists in GB’s Choundha Valley say they have never seen such a beautiful landscape before
  • Known for its tall mountains, the region’s diverse climate supports a variety of fruit orchards

SKARDU, Pakistan: In the mountainous region of Gilgit-Baltistan (GB) in northern Pakistan, valleys like Choundha transform into picturesque landscapes each spring, as cherry and apricot blossoms emerge amid lingering snow.
The fleeting natural spectacle draws tourists eager to witness the vibrant contrast of pink and white flowers against snow-covered fields.
Located at an altitude of approximately 2,500 meters, Choundha Valley is surrounded by towering peaks and verdant forests. The region is renowned for its breathtaking scenery and is considered one of the most spectacular areas in Pakistan.
“This is the first time I have seen this valley and also the first time I have fully explored Gilgit-Baltistan,” a female tourist from Lahore, who only identified herself as Sarah, said.
“Seeing the valley was really amazing,” she added. “It was such a beautiful experience. After seeing it, I really felt like I had finally seen real nature. Honestly, I don’t even have the words to fully explain what it was like and how incredible everything we saw was.”

This aerial photograph taken on April 20, 2025 shows a general view of Apricot Blossom trees along the snow covered field at Choundha Valley of Skardu district in Gilgit-Baltistan region. (AFP)


GB, an administrative territory in northern Pakistan, is known for its mountain ranges, including the Karakoram and the western Himalayas. The region is home to five of the world’s 14 peaks exceeding 8,000 meters, including K2, the second-highest mountain globally.
The region’s diverse climate and fertile valleys support a variety of fruit orchards, making it a significant contributor to Pakistan’s fruit production.
The region’s harsh winters and short spring season make the rare overlap of snowfall and blossoms a visual treat.
“By sheer luck, we were able to see both cherry blossoms and snow-covered mountains today,” Muhammad Farqan, 36, said. “This particular spot only happens once in a while — when both snow and cherry blossoms appear together — and we were lucky enough to experience it. Being here lifted my spirits, everything felt vibrant and alive.”

This aerial photograph taken on April 20, 2025 shows a general view of Apricot Blossom trees along the snow covered field at Choundha Valley of Skardu district in Gilgit-Baltistan region. (AFP)

Apricots hold particular importance in the region’s agricultural landscape. Traditional sun-drying methods are employed to produce dried apricots, a staple in local diets and a source of income for many families.
Additionally, apricot kernels are used to extract oil and the fruit is made into jams and juices.
Cherries, too, are harvested in abundance and are sold fresh during the summer or preserved for local consumption.
In recent years, cherry-based products such as jams and syrups have also gained popularity, contributing to household incomes, particularly among women engaged in small-scale food processing.
“Last night it was very cold in the Choundha Valley and there was snowfall, which made the view even more magical today,” said tourist Yogi Samyia. “I feel that this moment fulfilled the whole purpose of our trip and every penny we spent was absolutely worth it.”
For many, the surreal setting leaves a lasting impression.
“It’s truly breathtaking to see God’s creation and the beauty of nature in such a pure form,” said Fahad Ali, 28. “I just can’t stop looking. It has become one of the most memorable experiences of my life. I have traveled to many countries, but I have never seen anything like this.”


Pakistan minister reaffirms equal rights for minorities, condemns Gaza violence at Holi event

Pakistan minister reaffirms equal rights for minorities, condemns Gaza violence at Holi event
Updated 23 April 2025
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Pakistan minister reaffirms equal rights for minorities, condemns Gaza violence at Holi event

Pakistan minister reaffirms equal rights for minorities, condemns Gaza violence at Holi event
  • Pakistan has promoted religious inclusion and faith tourism, though minorities still report discrimination
  • State minister for religious affairs praises minorities’ role in Pakistan’s progress at the Holi celebration

ISLAMABAD: Pakistan’s religious affairs minister reaffirmed the state’s commitment to equal rights for religious minorities, according to an official statement on Wednesday, while condemning Israeli military actions in Gaza during a government-hosted Holi celebration in Islamabad.

Speaking at the event organized by the Ministry of Religious Affairs and Interfaith Harmony, Sardar Muhammad Yousaf said that minorities in Pakistan enjoyed full constitutional freedoms and equal rights.

He described Pakistan as a peaceful country where all citizens are entitled to benefit from protections guaranteed under the law.

“Religious minorities are enjoying equal rights and complete freedom,” the minister said while addressing the ceremony. “They have clear representation in the Senate, National Assembly and provincial assemblies.”

The minister also highlighted state-backed welfare measures for minorities, including dedicated funds for the upkeep of religious sites, a five percent quota for minorities in public sector employment and reserved seats in educational institutions.

Yousaf also condemned Israeli actions in Gaza, reaffirming Pakistan’s longstanding support for Palestinian rights.

“Pakistan has always raised its voice in support of the rights of the Palestinian people,” he said.

In recent years, Pakistan has sought to promote religious inclusion and faith-based tourism, hosting Hindu and Sikh pilgrims from India and abroad, and welcoming visiting Buddhist monks.

Despite these efforts, rights groups note that religious minorities in the country continue to face episodes of discrimination and violence.

Also addressing the gathering, Minister of State for Religious Affairs Keso Mal Kheel Das emphasized the role of minorities in Pakistan’s development and prosperity.

He voiced concern over what he described as the silence of international human rights organizations in the face of violence against Muslims in Gaza and Indian-administered Kashmir.

The Holi celebration was also attended by prominent members of Pakistan’s minority communities, including women and children.