UK to help explore green financing tools

Will collaborate with Pakistan to address climate change, support social sector

ISLAMABAD:

British High Commission Development Director in Pakistan Jo Moir on Tuesday agreed on the need for enhancing cooperation between Pakistan and the Foreign Commonwealth Development Office (FCDO) in key areas for socio-economic development.

In a meeting with Minister for Economic Affairs Ahad Khan Cheema, she assured her full support in exploring innovative green financing instruments to address climate change and support social sector initiatives in collaboration with the Ministry of Economic Affairs.

FCDO team leader Rizwan Azam and senior officials of the Ministry of Economic Affairs also attended the meeting, said a press release.

Moir outlined areas where the UK’s expertise in public administration could be utilised for strengthening the capacity of Pakistan’s bureaucratic system. She thanked the minister for the strong partnership and collaborative efforts to address issues such as poverty reduction, climate change, financing instruments and the strengthening of financial management and accountability.

Published in The Express Tribune, May 1^st, 2024.

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