Islamabad: Foreign Minister Bilawal Zardari on Wednesday (September) said Pakistan is in need of investment for the development of climate resilient infrastructure in the country to fight future catastrophes, news sources reported.
The foreign minister made these remarks during a meeting with the United States International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott A. Nathan. He stated that climate-related disasters have harmed the infrastructure and livelihoods of millions of people, who would require continuous assistance in the form of investment. This investment, according to Bilawal, should be undertaken to minimise future calamities such as floods that have harmed the country’s economy.
On the occasion, CEO Scott stated that DFC has devised a climate action plan that would commit 33% of its assets to climate-related initiatives beginning in 2023. This will enhance the development of people-centred projects and reduce the impact of climate change on livelihood.
It is worth noting that during a recent visit to the United States, Prime Minister (PM) Shahbaz Sharif discussed the flood issue during a meeting of the United Nations General Assembly (UNGA). He encouraged international leaders to take a role in mitigating climate damage and to establish a road map for assisting countries most impacted by Western hyper-consumerism.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
