BREAKING NEWS

Finance Minister Aurangzeb Supports V20’s Climate Finance Agenda

Bangkok:Finance Minister Muhammad Aurangzeb has reaffirmed Pakistan's support for the V20's climate finance agenda during the 17th V20 Ministerial Dialogue held on the sidelines of the World Bank Group-IMF Annual Meetings 2026 in Thailand.

According to Radio Pakistan, Aurangzeb expressed appreciation for the V20's assistance in developing Pakistan's Climate Prosperity Plan and identifying bankable projects to attract climate finance.

He emphasized the need for fiscal responsibility and the importance of strengthening both domestic and external buffers to combat climate challenges and geopolitical shocks. Aurangzeb highlighted opportunities for mobilizing green investment, referencing Pakistan's inaugural green Panda bond.

The Finance Minister also welcomed the proposed fund initiative, stressing the need for collective ownership, accountability, and effective implementation. He cautioned against initiatives remaining unimplemented, citing the Loss and Damage Fund as an example.