Support for programs that promote sustainable development, inclusive growth, and community welfare has been reaffirmed by Finance Minister Muhammad Aurangzeb.

He also advocated for enabling the private sector to take the lead in promoting significant social effect while serving as the chair of the Prime Minister’s Committee on Social Effect Financing meeting in Islamabad.

The finance minister emphasized how important it is for the government to have a strong legal and policy foundation for social impact funding.

He also underlined the need for the private sector to take the lead in implementation.

According to him, the private sector is already excelling in this area, so instead of building yet another government agency, we should concentrate on fostering an environment that supports it.

The government’s rightsizing goals are in line with this.

Muhammad Aurangzeb also emphasized how crucial it is to shift from philanthropy to more comprehensive impact finance.

According to him, integrating digital solutions is necessary to guarantee effective systems, and establishing accountability and assessing the impact will increase stakeholders’ credibility and trust.

In order to improve financial inclusion, boost social impact, and uplift Pakistan’s underprivileged communities, the workshop concentrated on developing creative financial solutions.

The participants discussed public-private partnerships, mixed funding strategies, and supporting microfinance programs. A comprehensive regulatory framework that promotes private sector innovation and protects investments was the subject of proposals.

The finance minister led accelerated efforts to complete the proposed policy framework and acknowledged the dedication and contributions of all parties.

Seyed Abbas Araghchi, the foreign minister of Iran, spoke with Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar over the phone.

On the call, they talked about regional developments, such as the Syrian situation and Pakistan-Iran bilateral cooperation.

Punjab’s Environment Protection and Climate Change Department and China’s Blueteck Clean Alliance have inked two memorandums of understanding wherein the two organizations would collaborate to safeguard and enhance the environment in Punjab state.

While on an eight-day official visit to China, Chief Minister Maryam Nawaz of Punjab observed the signing of the MOUs.

Maryam visited the Bluetech Clean Air Alliance on the first day of her trip and spoke with Xie Hongxing, the organization’s chairman.

Air pollution, environmental preservation, and the effects of climate change on the environment were all topics of discussion between the two parties.

Maryam Nawaz briefed the Chinese group about the steps the Punjabi government has taking to eliminate the effects of climate change.

The provincial government’s efforts to mitigate the negative impacts of air pollution were commended by the delegation.