SBP enables microfinance account holders to invest in government securities

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March 16, 2022: Pakistan has set the vision to work towards clean transport, with 30% electric vehicles (EV) by 2030. All of this will require urgent and concrete policy action in the country for the rest of this decade, Vice President OICCI said, Amir Paracha at an OICCI-organized climate conference in Pakistan.

The conference took place in the premises of Unilever Pakistan. It brought together experts and business leaders, both locally and globally, to initiate a dialogue on this important topic.

OICCI Vice President Amir Paracha emphasized that the local and global speakers at the conference shared their ambitions, solutions and global best practices to advance climate change action in Pakistan. They said Pakistan has a lot to do if it is to meet its ambitious Nationally Determined Contributions (NDCs), which aim to reduce 50% of projected emissions and achieve 60% renewable energy by 2030. In view of this ambition, Pakistan’s Climate Conference has launched a dialogue in several critical areas and has delivered the dialogue the country needs to accelerate its climate-positive journey.

SAPM on Ministry to Climate Change, Malik Amin Aslam, speaking at the ‘Pakistan Climate Conference 2022’ stated: “It is a great achievement and honor for the Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of foreign top investors in Pakistan, to bring different companies together on one platform and help the government lead climate action in Pakistan and contribute to Nationally Determined Commitments (NDCs) made at COP26,”

The conference was attended by a large number of participants, both physical and virtual, including government officials, leading industry leaders, climate activists, academia, senior journalists and members of civil society.

Adviser to Prime Minister on Trade and Investment, Abdul Razak Dawood, also welcomed the OICCI, saying that climate change has a direct economic impact and that Pakistan’s climate conference has laid the groundwork for an action plan that will help Pakistan meet its global climate commitments and the sustainability of its economy.

OICCI President Ghias Khan said the OICCI’s ambition for the Pakistan Climate Conference is to build on the lessons of COP 26 to identify and implement the efforts needed to reduce climate impact in Pakistan. In this conference, our aim is to bring together climate experts, policy makers and business decision makers to share lessons and best practices to help Pakistan develop the necessary climate interventions.”

Press release


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