Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb highlighted Pakistan’s climate financing needs, disaster preparedness and plans for regulated virtual assets during a series of engagements in New York on September 21.
Speaking at the World Economic Forum’s “Financing Planet and Prosperity” meeting, Aurangzeb highlighted Pakistan’s vulnerability to climate-related disasters, particularly floods that have affected infrastructure and communities.
He outlined government efforts to strengthen disaster response frameworks, early warning systems and costed climate investment plans. He also stressed that international assistance needs to be supported by domestic resources and fiscal buffers.
Aurangzeb said Pakistan has mobilized financing through the World Bank, Asian Development Bank and international capital markets for relief, adaptation and reconstruction. He also called on international climate funds, including the Green Climate Fund and Loss and Damage Fund, to simplify procedures and speed up access to financing.
At the United Nations Digital Cooperation Day 2026, the finance minister highlighted Pakistan’s move toward a regulated virtual assets framework. He said tokenization should address practical economic needs, including lower remittance costs, SME financing, sovereign debt and broader access to financial services.
Aurangzeb said private sector innovation should be supported by government safeguards, inclusive digital infrastructure and international cooperation. He also called for emerging economies to have a role in developing global standards for digital assets and related technologies.
The finance minister also participated in the launch of the COP31 Action Agenda and expressed Pakistan’s support for its priorities, which he said align with the country’s national climate goals and NDC 3.0.
He highlighted clean energy and electrification, renewable energy, energy efficient buildings, climate resilient cities, climate education, food security and climate resilient agriculture as key areas for action.
Aurangzeb welcomed the proposed Climate Implementation Bridge, describing it as a mechanism to turn climate commitments into investable and bankable projects. He said the key challenge was now implementation rather than the formulation of plans and praised the agenda’s focus on defined actions, key performance indicators and measurable results.
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