IMF suggests Pakistan halt new construction near forests and waterways
The International Monetary Fund (IMF) has suggested that Pakistan halt new construction near forests and waterways as part of discussions on climate financing.
The proposal came during the second day of technical talks between the IMF delegation and provincial government officials.
According to sources, representatives from Punjab and Balochistan engaged in discussions with the IMF’s technical team, during which the need to restrict construction in ecologically sensitive areas was highlighted.
The delegation also emphasised the importance of maximizing natural light and ventilation in new construction projects.
Call for climate-responsive planning
The IMF has urged provincial governments to geo-tag development projects related to climate change, ensuring proper tracking of allocated funds and their utilisation.
Additionally, the IMF recommended enhancing disaster preparedness to mitigate risks from climate-related events.
The global lender has also advised Pakistan to incorporate a clear climate strategy into its development programs, ensuring sustainable infrastructure planning.
Pakistan seeks $1 billion in climate aid
Pakistan is reportedly seeking $1 billion in climate aid to combat the adverse effects of global warming.
The ongoing talks with the IMF aim to evaluate climate financing mechanisms.
Yesterday, IMF officials held separate discussions with representatives from Sindh and Khyber Pakhtunkhwa to assess regional climate policies and financing needs.
The negotiations mark a crucial step in Pakistan’s efforts to secure international support for climate resilience initiatives.