Malik Waqar
Prime Minister Shehbaz Sharif stressed the necessity of establishing an independent Palestinian state, with Jerusalem as its capital, in his address at the World Governments Summit in Dubai on Tuesday.
He stated that this is vital in accordance with the United Nations’ resolutions and added that sustainable peace in the region is only achievable through a two-state solution.
In his speech, PM Shehbaz highlighted the devastating loss of life in Gaza, where over 50,000 Palestinians have been martyred amid what he described as an act of genocide.
Climate financing and tech support
PM Shehbaz also called for enhanced global cooperation in climate financing and technology sharing, emphasizing the need for governments to take collective action to address climate change. He urged private investors to explore opportunities in Pakistan’s clean energy and infrastructure sectors.
The PM highlighted the importance of multilateral institutions supporting emerging economies like Pakistan in achieving sustainable development.
He said Pakistan is committed to mobilizing domestic resources and implementing policy reforms, PM Shehbaz stressed that international partnerships and financial backing are essential for the country’s green transition. He noted that Pakistan’s energy transition alone requires an estimated investment of $100 billion.
He reaffirmed Pakistan’s commitment to achieving a 60% clean energy mix by 2030 and transitioning 30% of all vehicles to electric mobility. He emphasized that the country is rapidly expanding its renewable energy sources, including solar, wind, hydropower, and nuclear energy.
Notably, Pakistan’s southern regions hold 50,000 megawatts of untapped wind energy potential, while hydropower projects in the northern regions will add 13,000 megawatts of clean energy capacity.
Investment hub
In addition to environmental measures, the PM highlighted Pakistan’s growing potential as an investment hub. He noted that the country offers one of Asia’s most dynamic investment landscapes, with 70% of its population under 30 years old, a young and tech-savvy workforce.
Pakistan’s strategic location bridges South and Central Asia, offering promising opportunities for investors, particularly as the emerging middle class fuels economic growth.
