- The summit brought together a large number of heads of governments, global policymakers, and leading private sector figures
- Pakistan was committed to achieving 60 percent clean energy mix and 30 percent electric vehicle transition by 2030, PM Shehbaz Sharif says
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for global support to meet Pakistan’s $100 billion energy transition needs as he addressed participants at the World Governments Summit (WGS) in the United Arab Emirates (UAE).
The summit, being held in Dubai on Feb. 11-13 under the theme ‘Shaping Future Governments’, brings together a large number of heads of state/government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation.
Addressing the summit on Tuesday, the Pakistani prime minister urging stronger climate financing, technology sharing from governments, private investment, and multilateral cooperation for sustainable growth of developing nations.
“The global shift to a green economy requires a shared responsibility,” he said. “Pakistan’s energy transition alone demands $100 billion in investment and I call upon governments to strengthen climate financing and technology sharing, private investors to explore Pakistan’s green energy and infrastructure opportunities, multilateral institutions to support emerging economies like Pakistan in achieving sustainable growth.”
Sharif emphasized that while Pakistan was fully committed to mobilizing domestic resources and policy reforms, international partnerships and financial support remained critical to achieving this goal.
The South Asian country offers one of the most dynamic investment landscapes in Asia, with 70 percent of its dynamic, young and tech-savvy population under the age of 30, according to the prime minister. Pakistan is simplifying business regulations, enhancing legal protections and streamlining investment approvals to make it a leading destination for global capital.
