Islamabad: The United Nations Development Programme (UNDP), in collaboration with the Ministry of Climate Change and Environmental Coordination (MoCC&EC) and the Public-Private Partnership Authority (P3A), has finalised a portfolio of five preliminary bankable projects valued at over USD 1 billion. These projects aim to attract international investment and climate financing to support Pakistan’s sustainable development goals.
The identified projects span a diverse range of sectors critical to the country’s climate resilience and economic transformation. These include green exports, bio-waste management, road infrastructure, development of the domestic green private sector, and sustainable real estate. The selected sectors align with Pakistan’s broader strategy to promote environmental sustainability and economic growth through climate-smart investments.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a follow-up meeting with UNDP Resident Representative Dr. Samuel Rizk in Islamabad to discuss the progress on these initiatives. During the meeting, UNDP officials presented an overview of the technical assistance being provided to support Pakistan in preparing for the 4th International Conference on Financing for Development (FfD4), scheduled to take place in Spain later this year.
Dr. Rizk appreciated the Government of Pakistan’s leadership and commitment to climate action, and highlighted ongoing efforts to enhance Pakistan’s access to global climate finance through public-private collaboration. He also announced that a preparatory mission from the UN Department of Economic and Social Affairs (DESA) would visit Islamabad in the coming week. The mission will facilitate planning and capacity-building sessions with federal and provincial stakeholders as well as private sector representatives, in advance of the FfD4 conference.
Finance Minister Aurangzeb reiterated the government’s commitment to a “whole-of-government” approach in building a strong, investment-ready project portfolio. He directed the Inter-Ministerial Committee—comprising key economic, climate, and planning ministries—to ensure coordinated efforts in aligning these projects with Pakistan’s climate resilience priorities.
He also expressed appreciation for UNDP’s continued partnership, describing it as a key pillar in advancing Pakistan’s climate and Sustainable Development Goal (SDG) financing agenda. “Pakistan is committed to inclusive and green economic growth,” he said, noting that the government is actively working to position the country as a credible partner in the global climate finance landscape.
With the finalisation of these projects, Pakistan aims to present a strong case for international climate financing at FfD4, while showcasing its readiness to implement impactful, sustainable development initiatives through effective public-private partnerships.
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