Pakistan has struggled to convert $11 billion in international flood support into actual projects, with Finance Minister Muhammad Aurangzeb acknowledging that some assistance pledged after the 2022 floods remained unused.
Speaking in New York, Aurangzeb said the country still faces gaps in project preparation, institutional coordination, and implementation capacity, even as it works to attract climate financing from multiple sources.
The finance minister said Pakistan had made progress in strengthening its climate policy framework and was working to mobilize financing through domestic resources, international financial institutions, capital markets and climate funds.
He said institutional fragmentation and a shortage of investable and bankable projects continued to slow climate implementation.
Aurangzeb said there is a need to develop suitable projects and strengthen implementation capacity so that pledged climate financing can be translated into projects on the ground.
Welcoming Pakistan’s participation in the BRIDGE initiative, the finance minister called on partners to build consensus around practical “no regret” decisions that can move the initiative from dialogue toward implementation.
He said climate commitments should ultimately produce concrete projects and measurable outcomes that deliver tangible benefits to communities.
Aurangzeb’s engagements during the UNGA high level week have focused on climate resilience, mobilizing resources for climate action and strengthening international partnerships to support implementation.
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