Punjab govt pursues SDG financing
Discussions with the Finance Division and the Prime Minister’s Office led to a decision to shift the financing mode from development to recurring, ultimately leading to the project’s execution by the Finance Division. photo: file
Amid a widening financing shortfall and intensifying climate risks, the Punjab government has hastened efforts to mobilise new funding models to meet the Sustainable Development Goals (SDGs) by 2030.
The United Nations Development Programme (UNDP) and Punjab Resource Management and Policy Unit (PRMPU) convened a workshop to chart innovative financing pathways.
The session centered on Punjab's Integrated Financing Strategy, the country's first sub-national Integrated National Financing Framework (INFF), designed to align public, private and international resources with sustainable development and climate priorities, according to a statement.
"Pakistan faces narrowing fiscal space, rising debt, and escalating climate risks. Yet, within these challenges lies opportunity," said UNDP Resident Representative in Pakistan Dr Samuel Rizk.