Call for soft loans to combat climate threat

Pakistan Hitech Hybrid Seed Association (PHHSA) Chairman Shahzad Ali Malik Sunday urged the government to offer soft loans for promoting solarisation, mitigating the emerging hovering threat of climate change across the country.

Talking to a delegation of industrialists, he said Pakistan, like the rest of the world, faces significant challenges from climate change, said a news release. “Industries and households are major contributors to greenhouse gas emissions, which exacerbate these challenges,” he added.

However, he firmly believed that we have a tremendous opportunity to mitigate these threats and transition towards a greener, more economically viable energy source - solar power.

He proposed the establishment of a government initiative that advances soft loans to both industrial and domestic sectors for solarisation and provides financial support to businesses and households looking to invest in solar energy systems, we can achieve several critical objectives.

Published in The Express Tribune, September 18^th, 2023.