Pakistan PM calls on industrialized countries to meet climate finance commitments

In the picture taken on November 8, 2022, Pakistan's Prime Minister Shehbaz Sharif delivers a speech at the leaders summit of the COP27 climate conference in Sharm el-Sheikh, Egypt. (Photo courtesy: AFP)
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Updated 28 November 2022
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Pakistan PM calls on industrialized countries to meet climate finance commitments

  • Pakistan, as chair of G-77 and China, galvanized support for the establishment of the fund at COP27
  • PM Sharif suggests international community explore possibilities of ‘debt swaps for climate action’

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Sunday called on industrialized countries to fulfill their climate finance commitments and said his country was facing “the brunt of natural calamities” due to carbon emissions elsewhere in the world, foreign media reported.

Climate negotiators at the COP27 conference in Egypt this month reached a breakthrough funding deal to help poor countries ravaged by climate change.

Pakistan, as Chair of the Group of 77 and China, galvanized support for the establishment of the fund at COP27 in the Egyptian Red Sea resort of Sharm el-Sheikh, first by having it placed on the agenda of the conference and then pushing for a consensus agreement.

Islamabad said at the time it looked forward to early operationalization of the fund, hoping that it would bridge a major gap in the climate finance architecture.

“There is an urgent need for the industrialized countries to meet their climate finance commitments, with a balanced focus on adaptation and mitigation,” Sharif told Turkiye’s Anadolu news agency.

He welcomed the deal to establish the “loss and damage fund” to compensate developing countries most severely impacted by climate change, but suggested the international community explore possibilities of “debt swaps for climate action, particularly adaptation.”

Pakistan witnessed one of the deadliest monsoon seasons of its history this year, with torrential rains and floods killing more the 1,700 people.

The climate-induced floods affected 33 million people and cost more than $30 billion in damages to the South Asian economy.

About the response to the situation after the floods, Sharif said his country had mounted coordinated rescue and relief operations, mobilizing “all possible resources and capacities,” according to the report.

He said a dedicated National Flood Response and Coordination Center (NFRCC) had been set up to effectively coordinate these operations.

“The NFRCC is working on rehabilitation plans as the flood waters recede,” he said.

“This is a national effort in which everyone is contributing, from individual Pakistanis from all spheres of life to businesses, civil society, and humanitarian organizations, besides civil and military administrations.”

Recalling a visit to Pakistan’s flood-hit areas by UN secretary general, Sharif said Antonio Guterres had repeatedly stated that “’countries like Pakistan, who have done almost nothing to contribute to global warming, do not deserve to be among the frontline countries impacted the most by climate change’.”

“I reiterate his words that it is not just a matter of solidarity but a matter of justice. This phenomenon of death, devastation, and destruction is driven by climate change, the causes of which are global,” the Pakistani premier said. “Therefore, the response calls for international solidarity and collective action.”

Pakistan contributes less than 1 percent of the global greenhouse gas emissions, but the South Asian country is among the ten most climate-stressed nations.


Islamabad says surge in aircraft orders after India standoff could end IMF reliance

Updated 06 January 2026
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Islamabad says surge in aircraft orders after India standoff could end IMF reliance

  • Pakistani jets came into the limelight after Islamabad claimed to have shot down six Indian aircraft during a standoff in May last year
  • Many countries have since stepped up engagement with Pakistan, while others have proposed learning from PAF’s multi-domain capabilities

ISLAMABAD: Defense Minister Khawaja Asif on Tuesday said Pakistan has witnessed a surge in aircraft orders after a four-day military standoff with India last year and, if materialized, they could end the country’s reliance on the International Monetary Fund (IMF).

The statement came hours after a high-level Bangladeshi defense delegation met Pakistan’s Air Chief Marshal Zaheer Ahmed Baber Sidhu to discuss a potential sale of JF-17 Thunder aircraft, a multi-role fighter jointly developed by China and Pakistan that has become the backbone of the Pakistan Air Force (PAF) over the past decade.

Fighter jets used by Pakistan came into the limelight after Islamabad claimed to have shot down six Indian aircraft, including French-made Rafale jets, during the military conflict with India in May last year. India acknowledged losses in the aerial combat but did not specify a number.

Many countries have since stepped up defense engagement with Pakistan, while delegations from multiple other nations have proposed learning from Pakistan Air Force’s multi-domain air warfare capabilities that successfully advanced Chinese military technology performs against Western hardware.

“Right now, the number of orders we are receiving after reaching this point is significant because our aircraft have been tested,” Defense Minister Asif told a Pakistan’s Geo News channel.

“We are receiving those orders, and it is possible that after six months we may not even need the IMF.”

Pakistan markets the Chinese co-developed JF-17 as a lower-cost multi-role fighter and has positioned itself as a supplier able to offer aircraft, training and maintenance outside Western supply chains.

“I am saying this to you with full confidence,” Asif continued. “If, after six months, all these orders materialize, we will not need the IMF.”

Pakistan has repeatedly turned to the IMF for financial assistance to stabilize its economy. These loans come with strict conditions including fiscal reforms, subsidy cuts and measures to increase revenue that Pakistan must implement to secure disbursements.

In Sept. 2024, the IMF approved a $7 billion bailout for Pakistan under its Extended Fund Facility (EFF) program and a separate $1.4 billion loan under its climate resilience fund in May 2025, aimed at strengthening the country’s economic and climate resilience.

Pakistan has long been striving to expand defense exports by leveraging its decades of counter-insurgency experience and a domestic industry that produces aircraft, armored vehicles, munitions and other equipment.

The South Asian country reached a deal worth over $4 billion to sell military equipment to the Libyan National Army, Reuters report last month, citing Pakistani officials. The deal, one of Pakistan’s largest-ever weapons sales, included the sale of 16 JF-17 fighter jets and 12 Super Mushak trainer aircraft for basic pilot training.