UN chief warns planet is heading toward ‘climate chaos’ 

Internally displaced people wade through floodwaters after heavy monsoon rains in Jaffarabad district in Balochistan province on September 8, 2022. (AFP/FILE)
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Updated 04 November 2022
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UN chief warns planet is heading toward ‘climate chaos’ 

  • Data shows rich countries have emitted far more than their share of heat-trapping carbon dioxide from burning of coal, oil and natural gas 
  • But poor nations like Pakistan, where recent floods left a third of the country under water, have been bearing the brunt of these emissions 

UNITED NATIONS: UN Secretary-General Antonio Guterres warned Thursday that the planet is heading toward irreversible “climate chaos” and urged global leaders at the upcoming climate summit in Egypt to put the world back on track to cut emissions, keep promises on climate financing and help developing countries speed their transition to renewable energy. 

The UN chief said the 27th annual Conference of the 198 Parties of the UN Framework Convention on Climate Change — better known as COP27 — “must be the place to rebuild trust and re-establish the ambition needed to avoid driving our planet over the climate cliff.” 

He said the most important outcome of COP27, which begins Nov. 6 in the Egyptian resort of Sharm el-Sheikh, is to have “a clear political will to reduce emissions faster.” 

That requires a historical pact between richer developed countries and emerging economies, Guterres said. “And if that pact doesn’t take place, we will be doomed.” 

In the pact, the secretary-general said, wealthier countries must provide financial and technical assistance – along with support from multilateral development banks and technology companies – to help emerging economies speed their renewable energy transition. 

Guterres said that in the last few weeks, reports have painted “a clear and bleak picture” of global-warming greenhouse gas emissions still growing at record levels instead of going down 45 percent by 2030 as scientists say must happen. 

The landmark Paris agreement adopted in 2015 to address climate change called for global temperatures to rise a maximum of 2 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century compared to pre-industrial times, and as close as possible to 1.5 degrees Celsius (2.7 degrees Fahrenheit). 

Guterres said greenhouse gas emissions are now on course to rise by 10 percent, and temperatures are on course to rise by as much as 2.8 degrees Celsius under present policies by the end of the century. 

“And that means our planet is on course for reaching tipping points that will make climate chaos irreversible and forever bake in catastrophic temperature rise,” the secretary-general warned. 

He said the 1.5-degree goal “is in intensive care” and “in high danger,” but it’s still possible to meet it. “And my objective in Egypt is to make sure that we gather enough political will to make this possibility really moving forward,” the UN chief said. 

“COP27 must be the place to close the ambition gap, the credibility gap and the solidarity gap,” Guterres said. “It must put us back on track to cutting emissions, boosting climate resilience and adaptation, keeping the promise on climate finance and addressing loss and damage from climate change.” 

Rich countries, especially the United States, have emitted far more than their share of heat-trapping carbon dioxide from the burning of coal, oil and natural gas, data shows. Poor nations like Pakistan, where recent floods left a third of the country under water, have been hurt far more than their share of global carbon emissions. 

Loss and damage have been talked about for years, but richer nations have often balked at negotiating details about paying for past climate disasters, like Pakistan’s flooding this summer. 

“Loss and damage have been the always-postponed issue,” Guterres said. “There is no more time to postpone it. We must recognize loss and damage and we must create an institutional framework to deal with it.” 

The secretary-general said Thursday that “getting concrete results on loss and damage is the litmus test of the commitment of the governments to close all of these gaps.” 

“COP27 must lay the foundations for much faster, bolder climate action now and in this crucial decade, when the global climate fight will be won or lost,” Guterres said. 


Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

Updated 29 January 2026
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Pakistan says repaid over $13.06 billion domestic debt early in last 14 months

  • Finance adviser says repayment shows “decisive shift” toward fiscal discipline, responsible economic management
  • Says Pakistan’s total public debt has declined from over $286.6 billion in June 2025 to $284.7 billion in November 2025

KARACHI: Pakistan has repaid Rs3,650 billion [$13.06 billion] in domestic debt before time during the last 14 months, Adviser to the Finance Minister Khurram Schehzad said on Thursday, adding that the achievement reflected a shift in the country’s approach toward fiscal discipline. 

Schehzad said Pakistan has been repaying its debt before maturity, owed to the market as well as the State Bank of Pakistan (SBP), since December 2024. He said the government had repaid the central bank Rs300 billion [$1.08 billion] in its latest repayment on Thursday. 

“This landmark achievement reflects a decisive shift toward fiscal discipline, credibility, and responsible economic management,” Schehzad wrote on social media platform X. 

Giving a breakdown of what he said was Pakistan’s “early debt retirement journey,” the finance official said Pakistan retired Rs1,000 billion [$3.576 billion] in December 2024, Rs500 billion [$1.78 billion] in June 2025, Rs1,160 billion [$4.150 billion] in August 2025, Rs200 billion [$715 million] in October 2025, Rs494 billion [$1.76 billion] in December 2025 and $1.08 billion in January 2026. 

He said with the latest debt repaid today, the July to January period of fiscal year 2026 alone recorded Rs2,150 billion [$7.69 billion] in early retirement, which was 44 percent higher than the debt retired in FY25.

He said of the total early repayments, the government has repaid 65 percent of the central bank’s debt, 30 percent of the treasury bills debt and five percent of the Pakistan Investment Bonds (PIBs) debt. 

The official said Pakistan’s total public debt has declined from over Rs 80.5 trillion [$286.6 billion] in June 2025 to Rs80 trillion [$284.7 billion] in November 2025. 

“Crucially, Pakistan’s debt-to-GDP ratio, around 74 percent in FY22, has declined to around 70 percent, reflecting a broader strengthening of fiscal fundamentals alongside disciplined debt management,” Schehzad wrote. 

Pakistan’s government has said the country’s fragile economy is on an upward trajectory. The South Asian country has been trying to navigate a tricky path to economic recovery under a $7 billion loan from the International Monetary Fund.