Minister acknowledges AIIB’s support for Pakistan

Minister acknowledges AIIB’s support for Pakistan

Staff Report

ISLAMABAD: Federal Minister for Economic Affairs Omar Ayub Khan virtually attended the 6th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB).
The Minister acknowledged AIIB’s support for Pakistan and felicitated the UAE government for hosting the event. Ayub mentioned the threat posed by climate change to the region and highlighted the government actions for tackling climate change, specifically the Ten Billion Tree Tsunami Programme and incorporation of climate adaptation and mitigation strategies in the revised National Determined Contributions. In order to meet the climate financing needs, he emphasized that the bank may concentrate more on supporting the regional countries efforts for climate adaption through resilient infrastructure, addressing the needs for Water Supply, Sanitation, and Hygiene (WASH), low emission-transportation, connectivity and inclusive growth.
The Minister expressed Pakistan’s support to AIIB’s vision and targets for climate financing, enunciated in the corporate strategy and expressed his hope for active engagement with AIIB, for realizing mutual goals for green infrastructure in the regional context vis-à-vis Pakistan.