Finance Minister Muhammad Aurangzeb said on Wednesday that Pakistan is likely to get USD 200 million under the Resilience and Sustainability Facility (RSF) from the IMF. The IMF’s board is scheduled to meet on Friday.
The finance minister stated this while addressing the Breathe Pakistan International Climate Change Conference 2026.
He said three weeks back, he was in Washington to attend the IMF and World Bank meetings. He said finance ministers from all over the world gathered there as the Coalition of Finance Ministers for Climate Action, and the operating word over there was action.
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The finance minister said all the ministries and state institutions work closely to overcome this challenge. He highlights that now the focus must shift from discussion to tangible action within national budgets and resource allocations. He said the government is already working on the Climate Prosperity Plan by focusing on and promoting EV-focused supply chains, and the State Bank’s decision to promote green technology is a good omen.
Aurangzeb praises the National Disaster Management Authority (NDMA) for its advanced AI-led early warning systems. These tools now provide scientific data that allows the government to move from reactive measures to proactive policy planning. The Minister explains how maintaining macroeconomic stability provides the “fiscal space” necessary to respond to exogenous shocks.
He said in 2022, the government directly went to Geneva for international pledges from multilateral and bilateral agencies, out of which very few were materialised because project financing was also made part of the pledges. However, he said that because of economic and financial stability, the Government overcame losses caused by the 2025 floods without solely relying on international aid.
He said financial assistance of USD600-700 million is available annually through financing of the World Bank and the Asian Development Bank.
He said the government is actively pursuing diverse sources of green financing, including the issuance of Panda Bonds equivalent to USD 250 million in RMB and local green Sukuks. He underscores the need to create “bankable” projects to attract investment effectively.
Aurangzeb calls for an accelerated transition toward renewable energy (solar, wind, and hydro) to reduce dependency on fossil fuels. He also highlights the government’s commitment to supporting this shift through subsidies and guarantees.
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