We can’t save the planet if US, China don’t work together on climate — Pakistani FM

Foreign Minister Bilawal Bhutto Zardari talks about Pakistan's Foreign Policy Priorities at Wilson Center in Washington, US on September 27, 2022. (APP)
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Updated 28 September 2022
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We can’t save the planet if US, China don’t work together on climate — Pakistani FM

  • The United States and China are the world’s biggest carbon emitters
  • US President Biden warned at UN last week: “We don’t have much time”

ISLAMABAD: Pakistani foreign minister Bilawal Bhutto Zardari called on the United States and China to work together to tackle climate change impacts, saying all political conflicts between the two global powers could wait.

The minister’s comments come days after Pakistani Prime Minister Shehbaz Sharif addressed the UN General Assembly and held bilateral meetings with multiple heads of states, telling the world about recent catastrophic floods that scientists say were exacerbated by climate change and which have left more than 1,600 people dead and over 33 million people at risk.

During the annual gathering of world leaders at the United Nations last week, climate change was on top of the agenda. Low-lying island nation Vanuatu stepped up a fight to get the world to focus on combating global warming by calling for a fossil fuel nonproliferation treaty. Leaders from Pakistan — where devastating floods have engulfed large swaths of the country, causing damage estimated at $30 billion — told the world their story and asked for debt-relief and aid.

“We will not overcome climate change, we will not save our planet if China and the United States do not work together on climate,” Bhutto Zardari said at a roundtable arranged by the Woodrow Wilson International Center for Scholars.

“Everything else can wait, every other conflict, every other dispute. We’ll all fight among ourselves if there’s a planet left to fight over. Up until then, there needs to be an awakening.”

Around the world last week, young activists rallied for climate action, staging protests from New Zealand and Japan to Germany and the streets of New York to demand rich countries pay for global warming damage to the poor.

The protests took place six weeks before this year’s UN climate summit, known as COP27, where vulnerable countries plan to push for compensation for climate-related destruction to homes, infrastructure and livelihoods.

UN chief Antonio Guterres last Friday warned the world is “not even close” to making enough progress on climate change, telling a meeting of Pacific Island leaders: “Those who did nothing to create this crisis are paying the highest price.”

Guterres has also urged rich countries to tax windfall profits of fossil fuel companies and to use that money to help countries harmed by the climate crisis and people who are struggling with rising food and energy prices.

The United States and China are the world’s biggest carbon emitters.

On the fight against global warming, US President Joe Biden warned at the United Nations last week: “We don’t have much time.”


Pakistan stock market sees 41% rise in investors in 18 months

Updated 09 January 2026
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Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.