Dubai: Prime Minister Shehbaz Sharif has called upon governments to strengthen climate financing and technology sharing. Addressing the World Governments Summit in Dubai, he urged private investors to explore Pakistan’s clean energy and infrastructure opportunities. He emphasized that multilateral institutions should support emerging economies like Pakistan in achieving sustainable growth.
According to Radio Pakistan, the Prime Minister asserted Pakistan’s commitment to mobilizing domestic resources and implementing policy reforms. However, he highlighted that international partnerships and financial backing are crucial for attaining these objectives, as the global shift to a green economy necessitates shared responsibility. He stated that Pakistan’s energy transition requires an investment of one hundred billion dollars.
Shehbaz Sharif outlined Pakistan’s goals to achieve a sixty percent clean energy mix by 2030 and transition thirty percent of vehicles to electric mobility. The country is rapidly advancing solar, wind, hydropower, and nuclear energy projects. The Prime Minister noted that Pakistan’s southern regions possess fifty thousand megawatts of untapped wind energy potential, while northern hydropower projects will contribute an additional 13,000 megawatts of clean energy capacity.
He further discussed the acceleration of solar energy adoption through policy reforms, tax exemptions, investment incentives, net metering, and waiving customs duties on solar panels and related equipment. The Prime Minister highlighted Pakistan’s dynamic investment landscape in Asia, with seventy percent of its young and tech-savvy population under the age of thirty, and its strategic location bridging South and Central Asia.
Shehbaz Sharif emphasized Pakistan’s emerging middle class and promising economic opportunities. He mentioned government efforts to simplify business regulations, enhance legal protections, and streamline investment approvals, aiming to position Pakistan as a leading destination for global capital. To drive investments in key sectors, the Special Investment Facilitation Council has been established, focusing on renewable energy, resilient infrastructure, technology, digital economy, minerals, industrial development, and agricultural and food security.
Addressing agricultural production enhancement, the Prime Minister said Pakistan is embracing eco-friendly agricultural innovations to boost productivity, ensure food security, and strengthen the rural economy. The government is working to improve water efficiency through drip irrigation, precision farming, drought-resistant crops, and watershed management to restore depleting aquifers. Additionally, the government is incentivizing agri-tech innovations by providing solar-powered irrigation systems and using renewable energy sources for farm operations.
On the topic of Palestine, Shehbaz Sharif expressed hope that genocidal operations would be succeeded by lasting peace. He reiterated Pakistan’s stance that a durable and just peace is achievable only through a two-state solution, in line with relevant UN resolutions, for the establishment of an independent state of Palestine with pre-1967 boundaries and Al-Quds Al-Sharif as its capital.