Ministry seeks Rs1 billion to set up ‘Pakistan Climate Change Fund’

ISLAMABAD, Oct 27 (APP):The climate change ministry has requested Rs1 billion in seed money to establish the Pakistan Climate Change Fund, a landmark initiative aimed at financing national climate adaptation and mitigation projects. According to documents avaibale with Wealth Pakistan, the Fund is being created under Section 12 of the Pakistan Climate Change Act 2017…

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IFC grants $1.8m to boost Pakistan’s electric vehicle industry

ISLAMABAD, Oct 27 (APP): The International Finance Corporation (IFC) has provided a grant of US$1.8 million to encourage private sector investment in local production of electric vehicles in Pakistan. The development comes as part of a broader initiative spearheaded by the Ministry of Industries and Production (MoIP) to formulate a comprehensive policy aimed at accelerating…

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