{"id":102326,"date":"2025-05-22T11:58:00","date_gmt":"2025-05-22T06:58:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102326"},"modified":"2025-05-21T18:01:46","modified_gmt":"2025-05-21T13:01:46","slug":"climate-change-takes-center-stage-in-budget","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html","title":{"rendered":"\u2018Climate change takes center stage in Budget 2025-26\u2019"},"content":{"rendered":"\n

Islamabad: Dr Shezra Mansab Ali Khan Kharal, Minister of State for Climate Change and Environmental Coordination, announced that Pakistan\u2019s fiscal year 2025-26 budget will be the country\u2019s first climate-focused budget. This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management Assessment (CPIMA), marking a significant step toward integrating climate considerations into national economic planning.<\/p>\n\n\n\n

Dr Shezra made the announcement during a Pre-Budget Dialogue titled \u201cRethinking Economic Policy for a Just Energy Transition,\u201d organized by the Sustainable Development Policy Institute (SDPI) in collaboration with the Policy Research Institute for Equitable Development (PRIED) in Islamabad on Tuesday. She highlighted Pakistan\u2019s increasing vulnerability to climate risks, the added strain from India\u2019s suspension of the Indus Water Treaty, and the constraints posed by the IMF\u2019s austerity measures, which limit development expenditures.<\/p>\n\n\n\n

The minister stressed the urgent need for a transition to sustainable energy solutions, citing ongoing inefficiencies and the burden of circular debt in the energy sector. She emphasized that addressing these challenges is crucial for Pakistan\u2019s economic and environmental resilience.<\/p>\n\n\n\n

Read: Budget 2025-26: Govt plans to bring online shopping into tax net<\/a><\/p>\n\n\n\n

Sanaullah Baloch, MPA from Balochistan, highlighted the unequal distribution of resources fueling insurgency in his province. He pointed out that despite Balochistan\u2019s vital contribution to the country\u2019s energy sector, only 20% of its population has grid access, far below Punjab\u2019s 95%, Sindh\u2019s 85%, and KP\u2019s 80%.<\/p>\n\n\n\n

Dr Abid Qaiyum Suleri, Executive Director of SDPI, underlined the economic incentives for energy transition, noting that rising fuel prices and the influx of second-hand hybrid and electric vehicles could drive greater energy efficiency and reduce reliance on fossil fuels.<\/p>\n\n\n\n

Former State Bank Governor Shahid Hafeez Kardar advocated for long-term sustainable economic policies, urging a shift from reactive subsidies to proactive investments such as green bonds and performance-based incentives to support climate initiatives.<\/p>\n\n\n\n

Khalid Mansoor, former Special Assistant to the Prime Minister on CPEC Affairs, discussed the evolving focus of the China-Pakistan Economic Corridor (CPEC), emphasizing energy transition, smart agriculture, value-added textiles, and digital transformation. He stressed the importance of collaboration between Pakistan\u2019s private sector, international investors, and China.<\/p>\n\n\n\n

Senior economist Dr Khaqqan Najee attributed Pakistan\u2019s energy issues to governance and management shortcomings rather than cost inefficiencies. He called for establishing a unified energy regulator to foster a competitive energy market and harmonize climate budgeting.<\/p>\n\n\n\n

Read: FBR mulls tax on high pensions, higher income tax relief in Budget 2025-26<\/a><\/p>\n\n\n\n

Economist Afia Malik cautioned against petroleum levies that disproportionately burden the poor, recommending carbon taxes instead that fairly distribute costs without unduly impacting vulnerable populations.<\/p>\n\n\n\n

This budget initiative reflects Pakistan\u2019s commitment to balancing economic development with environmental sustainability, aiming to create a resilient future amid growing climate challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: Dr Shezra Mansab Ali Khan Kharal, Minister of State for Climate Change and Environmental Coordination, announced that Pakistan\u2019s fiscal year 2025-26 budget will be the country\u2019s first climate-focused budget. This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management Assessment (CPIMA), marking a significant step toward integrating climate considerations into national economic planning. Dr Shezra made the announcement during a Pre-Budget Dialogue titled \u201cRethinking Economic Policy for a Just Energy Transition,\u201d organized by the Sustainable Development Policy Institute (SDPI) in collaboration with the Policy Research Institute for Equitable Development (PRIED) in Islamabad on Tuesday. She highlighted Pakistan\u2019s increasing vulnerability to climate risks, the added strain from India\u2019s suspension of the Indus Water Treaty, and the constraints posed by the IMF\u2019s austerity measures, which limit development expenditures. The minister stressed the urgent need for a transition to sustainable energy solutions, citing ongoing inefficiencies and the burden of circular debt in the energy sector. She emphasized that addressing these challenges is crucial for Pakistan\u2019s economic and environmental resilience. Read: Budget 2025-26: Govt plans to bring online shopping into tax net Sanaullah Baloch, MPA from Balochistan, highlighted the unequal distribution of resources fueling insurgency…<\/p>\n","protected":false},"author":18,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[64858,63319,64856,64860,64863,64857,61212,64862,64859,64855,64861,60120,64864],"persona":[],"class_list":{"0":"post-102326","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-balochistan-energy-access","9":"tag-climate-finance","10":"tag-climate-public-investment-management-assessment","11":"tag-cpec-energy-projects","12":"tag-cpima","13":"tag-dr-shezra-mansab","14":"tag-energy-transition","15":"tag-green-bonds-pakistan","16":"tag-imf-austerity","17":"tag-pakistan-climate-budget","18":"tag-pakistan-energy-crisis","19":"tag-sustainable-development","20":"tag-sustainable-economic-policy","21":"cat-15016-id"},"acf":[],"yoast_head":"\nClimate change takes center stage in budget - Zameen News<\/title>\n<meta name=\"description\" content=\"This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Climate change takes center stage in budget - Zameen News\" \/>\n<meta property=\"og:description\" content=\"This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-22T06:58:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Climate change takes center stage in budget - Zameen News","description":"This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html","og_locale":"en_US","og_type":"article","og_title":"Climate change takes center stage in budget - Zameen News","og_description":"This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management...","og_url":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html","og_site_name":"Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2025-05-22T06:58:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png","type":"image\/png"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"\u2018Climate change takes center stage in Budget 2025-26\u2019","datePublished":"2025-05-22T06:58:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html"},"wordCount":467,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png","keywords":["Balochistan energy access","Climate Finance","Climate Public Investment Management Assessment","CPEC energy projects","CPIMA","Dr Shezra Mansab","energy transition","green bonds Pakistan","IMF austerity","Pakistan climate budget","Pakistan energy crisis","Sustainable Development","sustainable economic policy"],"articleSection":["New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html","url":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html","name":"Climate change takes center stage in budget - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png","datePublished":"2025-05-22T06:58:00+00:00","description":"This groundbreaking initiative will require 30% of all public development projects to undergo a Climate Public Investment Management...","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/climate-change-takes-center-stage-in-budget.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"\u2018Climate change takes center stage in Budget 2025-26\u2019"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=102326"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102326\/revisions"}],"predecessor-version":[{"id":102327,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102326\/revisions\/102327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/64102"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=102326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=102326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=102326"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=102326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}