ISLAMABAD: Pakistan will take its top 10 startups to the Conference of the Parties (COP29) in Baku, Azerbaijan, this November to showcase projects aimed at reducing greenhouse gas emissions, according to individuals familiar with the initiative on Friday.
The National University of Science and Technology (NUST) has launched a Green-Tech Hub (G-TH), a state-of-the-art facility designed to transform Pakistan’s energy landscape and reduce the country’s carbon footprint by fostering green technologies, renewable energy solutions and eco-friendly innovations at its Islamabad campus. The platform will help young innovators connect with industry leaders to promote their green projects.
The COP29 climate conference, set to take place in Baku next month, will bring together representatives from various nations to discuss the adverse impacts of climate change and evaluate available solutions for adaptation.
“We are seeking the top 10 startups working in agritech, energy and other sectors to sponsor and take to COP29,” said Salaal Hassan, the chief executive officer of Ignite, a company dedicated to funding and supporting tech ventures, while addressing the launch of the Green-Tech Hub.
He added that three of the selected startups would receive assistance to raise funds and create green jobs.
“Young innovators should focus on solutions to combat climate change,” he emphasized.
Speaking at the event, Ministry of Climate Change Secretary Aisha Humera highlighted Pakistan’s challenging environmental situation, noting it also presented opportunities for young innovators.
“This Green-Tech Hub platform is designed to offer solutions to climate change-related challenges,” she said. “Pakistan contributes less than one percent to [global carbon] emissions, yet its impact on our economy and society is immense.”
“We aim to help young innovators connect with the industry to market their ideas and products, promoting green solutions,” she added.
Pakistan to showcase top 10 startups at COP29 climate conference in Azerbaijan next month
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Pakistan to showcase top 10 startups at COP29 climate conference in Azerbaijan next month
- NUST has launched Green-Tech Hub in collaboration with Pakistan’s climate ministry to support young innovators
- Among the 10 startups featured at COP29, three will receive sponsorship for funding and green job creation
Pakistan signals commitment to regulate digital assets in meeting with Binance leadership
- Binance delegation led by CEO Richard Teng meets Pakistan’s prime minister, army chief in Islamabad
- Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight
ISLAMABAD: Pakistan’s government has signaled its “strong commitment” to digital asset regulation as the country’s senior officials met the leadership of Binance, one of the world’s most prominent global cryptocurrency exchanges, the Prime Minister’s Office (PMO) said on Saturday.
The Binance team, led by its Chief Executive Officer Richard Teng, is in Pakistan and has held meetings with Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and senior Pakistani bank officials this week.
Pakistan has been attempting to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight and encouraging innovation in blockchain-based financial services.
“Binance senior leadership visits Pakistan as government signals strong commitment to digital asset regulation,” the PMO said.
A Binance delegation led by Teng met Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir in Islamabad.
Saqib also attended the meeting and gave the Binance team a briefing about his organization.
Pakistan has attempted in recent months to tap into the country’s growing crypto market, a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.
In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.
