WASHINGTON, APR 15 /DNA/ – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, commenced his engagements for the day at the World Bank-IMF Spring Meetings 2026 by participating in the 15th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action (CFMCA), held under the theme “Climate Action as an Engine of Growth, Jobs and Competitiveness.”
In his intervention, the Finance Minister underscored Pakistan’s evolving climate resilience, noting that during the devastating floods of 2022, the country had to immediately seek international support. In contrast, he highlighted that when a similar disaster struck in 2025, Pakistan was able to mobilize relief through its own resources reflecting the strengthened fiscal buffers built over the intervening period.
Senator Aurangzeb outlined key measures undertaken to green Pakistan’s financial architecture, including the issuance of Green Taxonomy Guidelines by the State Bank of Pakistan. He informed participants that Pakistan currently has approximately 8,000 MW of installed solar capacity and is pursuing an ambitious target of sourcing 90 percent of its energy from renewables within the next decade.
The Finance Minister expressed appreciation to Pakistan’s international partners for their continued support in advancing climate finance initiatives, specifically acknowledging the Resilience and Sustainability Facility (RSF) extended by the International Monetary Fund (IMF) and the Country Partnership Framework with the World Bank Group.
