Pakistan eyeing Malaysia's green finance model: finance minister
Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that Pakistan is keen to adopt Malaysia's model of green financing as a framework for its sustainable development strategy.
The statement came during a video address at the Pakistan Stock Exchange (PSX) on Friday, where Aurangzeb announced the launch of Pakistan's inaugural Green Sukuk bond.
The bond is aimed at funding environmentally sustainable projects.
Aurangzeb congratulated the PSX for closing at a record high the previous day, noting it as a reflection of investor confidence.
He described climate change as a significant threat to Pakistan and emphasised the need for sustainable financing.
He also mentioned recent engagements with investors in Washington and London, stating that the global community is satisfied with Pakistan's macroeconomic stability, crediting improvements in key indicators such as inflation control and foreign exchange reserves.
Aurangzeb said preparations for the 2025–26 budget are in progress, with stakeholders contributing proposals for a robust fiscal plan. He also noted ongoing efforts to secure climate financing to mitigate environmental impacts.
The finance minister added that Pakistan is celebrating Youm-e-Tashakur (Day of Gratitute) with enthusiasm, reflecting optimism about the country's economic and environmental progress.
The day is being marked the historic victory of Marka-e-Haq and to pay tribute to the armed forces and the resilient people of the country following the success of Operation Bunyan Marsoos.
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