Pakistan improves public investment management to combat climate change

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ISLAMABAD: In addition to the action plan recommended by the International Monetary Fund (IMF), Caretaker Minister for Planning, Development and Special Initiatives, Muhammad Sami Saeed, on Monday received a briefing on Public Investment Management Assessment (PIMA) and Climate-PIMA.

During the meeting, the Chief Minister for Growth and Employment highlighted in detail various aspects of PIMA and Climate-PIMA and their action plans.

Pakistan improves public investment management to combat climate change

The action plan emphasizes the importance of a climate-responsive public investment framework that integrates climate considerations into the planning and implementation of all development projects. This approach is in line with the National Adaptation Plan (NAP) and Nationally Determined Contribution (NDC) and demonstrates Pakistan’s commitment to climate-smart policies and practices.

The planning minister asked stakeholders to improve the effectiveness of public investments through improved processes and financing mechanisms. The minister said that the entire project cycle needs to be aligned with the challenges emerging in the economy, while emphasizing the need to promote economic growth by investing in the right areas.

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