KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain said that discussing climate change is no longer a fashion but has become a real threat.
He said that Pakistan is among the ten countries in the world that are most affected by climate change.
Millions have been affected, while more than 1700 precious lives have been exposed to the devastating rains caused by climate change. Yet, unfortunately, no comprehensive plan has been put in place to deal with this menace permanently.
He said we must work independently because the international community is doing nothing except making promises.
Mian Zahid Hussain further said that the IMF has also realized this weakness and advised the government to make progress in this regard, give importance to this sector in the budget, and pave the way for investments.
He informed that the IMF wants to create a better database for these matters, allocate funds in the budget, and ensure transparency.
He said that the current government should speed up the work in this regard so that the incoming government can get a complete plan to implement to secure the country’s future.
All political parties and other stakeholders should be consulted to move forward better. Mian Zahid Hussain further said that the United Arab Emirates decision to invest US 20 to 25 billion dollars in Pakistan is welcome, positively impacting the country's economy while increasing the business community's confidence. Mian Zahid Hussain added that the role of the Investment Facilitation Council should be increased by making it more active so that the country's economy can get back on track and start the journey towards development.
Copyright Business Recorder, 2023
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