ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday expressed sorrow over the devastating floods in Malaysia, which have displaced over 37,000 people, and highlighted the urgent need for global action to address climate change.
In a message to the Malaysian authorities and people, Sharif expressed solidarity, pledging support for the flood-hit nation.
His statement comes as Pakistan continues to grapple with its own vulnerability to climate change, which has triggered erratic weather patterns, including catastrophic floods, glacial melts, heatwaves and droughts.
Two years ago, floods in Pakistan killed about 1,700 people, caused estimated losses of $35 billion and underscored the country’s exposure to environmental shocks.
“The adverse effects of climate change are engulfing the entire world,” the prime minister said. “The global community must unite to take collective action to mitigate these impacts.”
At the recent COP29 summit in Baku, Azerbaijan, Pakistan reiterated its call for increased climate finance and justice-based solutions to support vulnerable nations.
It emphasized that developed countries must provide grants and concessional financing rather than burdening climate-affected nations with debt.
Pakistani authorities could relate with the situation in Malaysia where Prime Minister Anwar Ibrahim told parliament that torrential rains have affected six Malaysian states, with 322 temporary shelters housing those displaced.
Sharif extended condolences to the victims and assured assistance to Malaysia, noting the long-standing friendship between the two nations.
“Pakistan will do whatever it can to help our brothers and sisters in distress in Malaysia,” he said. “In this difficult hour, Pakistan will not leave Malaysia alone.”
Pakistan calls for global climate action as floods in Malaysia displace over 37,000
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Pakistan calls for global climate action as floods in Malaysia displace over 37,000
- PM Sharif says climate change is impacting the whole world, necessitating global community to unite
- Pakistan recently reiterated its call for increased climate finance and justice-based solutions in Baku
Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization
- Committee to engage Asian Development Bank to negotiate terms of financial advisory services agreement, says privatization ministry
- Inaugurated in 2018, Islamabad airport has faced criticism over construction delays, poor facilities and operational inefficiencies
ISLAMABAD: Pakistan’s Privatization Ministry announced on Wednesday that it has formed a committee to engage the Asian Development Bank (ADB) to negotiate a potential financial advisory services agreement for the privatization of Islamabad International Airport.
The Islamabad International Airport, inaugurated in 2018 at a cost of over $1 billion, has faced criticism over construction delays, poor facilities, and operational inefficiencies.
The Negotiation Committee formed by the Privatization Commission will engage with the ADB to negotiate the terms of a potential Financial Advisory Services Agreement (FASA) for the airport’s privatization, the ministry said.
“The Negotiation Committee has been mandated to undertake negotiations and submit its recommendations to the Board for consideration and approval, in line with the applicable regulatory framework,” the Privatization Ministry said in a statement.
The ministry said Islamabad airport operations will be outsourced under a concession model through an open and competitive process to enhance its operational efficiency and improve service delivery standards.
Pakistan has recently sought to privatize or outsource management of several state-run enterprises under conditions agreed with the International Monetary Fund (IMF) as part of a $7 billion bailout approved in September last year.
Islamabad hopes outsourcing airport operations will bring operational expertise, enhance passenger experience and restore confidence in the aviation sector.
In December 2025, Pakistan’s government successfully privatized its national flag carrier Pakistan International Airlines (PIA), selling 75 percent of its stakes to a consortium led by the Arif Habib Group.
The group secured a 75 percent stake in the PIA for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).
Pakistan’s Finance Minister Muhammad Aurangzeb said this week the government has handed over 26 state-owned enterprises to the Privatization Commission.
