OIC’s COMSTECH hosts Ethiopia–Pakistan Green Dialogue on climate resilience

The picture shared by COMSTECH on April 20, 2025 shows the building of COMSTECH in Islamabad, Pakistan. (COMSTECH)
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Updated 18 August 2025
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OIC’s COMSTECH hosts Ethiopia–Pakistan Green Dialogue on climate resilience

  • xEthiopia’s Green Legacy campaign credited with planting over 25 billion trees since 2019
  • The program has been hailed as a global model for reforestation and climate resilience

ISLAMABAD: The Organization of Islamic Cooperation’s (OIC) science body COMSTECH on Monday hosted the “Ethiopia–Pakistan Green Dialogue” in Islamabad, spotlighting reforestation and South-South cooperation on climate resilience.

The event, organized with Ethiopia’s embassy, featured Ethiopia’s flagship Green Legacy initiative, which Ambassador Dr. Jemal Beker Abdula described as “an international benchmark for combating climate change through mass tree plantation and sustainable practices,” COMSTECH said in a press release. 

Ethiopia’s Green Legacy campaign, launched in 2019, has become a global model for reforestation and climate resilience. The initiative has already seen more than 25 billion trees planted, including a record 350 million in a single day, with a goal of 50 billion by 2030. Widely recognized by the UN and African Union, the drive has mobilized millions of citizens to restore degraded land, combat desertification, and build climate resilience in one of the world’s most drought-prone countries.

“Climate change is an urgent reality for Pakistan. Despite contributing less than one percent to global emissions, Pakistan is among the most climate-affected countries, facing floods, glacial melt, and droughts,” Senate Chairman Yusuf Raza Gilani, attending as chief guest, said in a statement.

He praised Ethiopia’s Green Legacy as “a global model of reforestation and sustainability,” and called for “practical collaboration through joint task forces, parliamentary exchanges, and research partnerships.”

Gilani also underlined Pakistan’s role in global climate diplomacy, “including championing the Loss and Damage Fund at COP27 and advancing climate finance at COP29.”

The fund, established in 2022 after Pakistan’s catastrophic floods, is meant to provide financial support to developing countries suffering from the irreversible impacts of climate change such as floods, droughts, and rising seas that go beyond what adaptation can address.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving 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.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — 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.