Page 8 - CMA Journal (Nov-Dec 2025)

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The most creative climate finance strategy in Pakistan is
to create a web of startups, which will attract funding
and create a robust green cluster. To secure its fair share, Climate finance from global
Pakistan is creating a portfolio of cutting-edge projects
and exploring innovative financing instruments such as mechanisms such as the Green
green bonds and debt-for-climate swaps. We are also
strengthening climate governance through the National Climate Fund (GCF), Adaptation
Climate Finance Strategy, while improving international
engagement through platforms such as the V20 and the Fund, and Loss & Damage Fund,
Global Shield. along with bilateral and

ICMA: What practical steps can international partners multilateral donor support, can
take to ensure climate finance reaches Pakistan
effectively? help build infrastructure,
Dr. Musadik Malik: To ensure climate finance reaches hydrometeorological stations,
Pakistan effectively, international partners should support
innovative financing mechanisms such as debt-for-climate and resilience projects in
swaps and green bonds, strengthen local institutional and vulnerable regions
technical capacity, and promote public-private partner-
ships to crowd in private investment.

ICMA: After recent floods, how will early warning
systems and local resilience plans protect communi- flood resilience. Pakistan is a low-emitter. High emissions
ties and save lives? globally, as well as in the neighbourhood, are leading to a
rapid increase in temperature and glacier melting. While
Dr. Musadik Malik: Following the recent floods, the
Ministry of Climate Change and Environmental Pakistan continues to enhance its mitigation strategy,
Coordination (MoCC&EC), in coordination with relevant most of its urgent needs pertain to adaptation.
ministries and departments, is supporting the Climate finance from global mechanisms such as the
development and upgradation of critical infrastructure, Green Climate Fund (GCF), Adaptation Fund, and Loss &
including automatic weather stations, weather radars, Damage Fund, along with bilateral and multilateral
and regional data centres. These upgrades are improving donor support, can help build infrastructure, hydromete-
forecasting accuracy and enabling earlier warnings for
extreme weather events. Initiatives such as the GLOF-II orological stations, and resilience projects in vulnerable
Project, SAFER Project (Sustainable Action for Ecosystem regions. Knowledge sharing, capacity building, and
Restoration in Pakistan), and Recharge Pakistan focus on technology transfer from developed countries are also
glacial monitoring, flood-risk assessment, slope critical for improving predictive modelling, risk assess-
stabilization, community preparedness, groundwater ment, and disaster-response planning.
recharge and flood-flow management.
ICMA: If there was one most impactful step or initia-
The government has also approved comprehensive tive to accelerate Pakistan’s climate resilience and
short-term and five-year flood management strategy green growth, what would it be?
that prioritizes the restoration and reinforcement of
Dr. Musadik Malik: The most impactful step would be
flood-protection infrastructure, including embank- building the capacity of the communities and scaling up
ments, levees, floodgates, and urban drainage systems.
integrated climate adaptation and mitigation projects
These measures aim to enhance Pakistan’s preparedness nationwide. It would entail combining early-warning
and resilience, reducing vulnerability and safeguarding
systems, restoring the ecosystem, sustainable water
communities against future climate-induced floods.
management, and renewable energy deployment. By
ICMA: Glaciers in the Himalayas-Karakoram-Hindu adopting a holistic approach, Pakistan can simultaneously
Kush are melting faster than ever. What international reduce disaster risks, enhance natural resource manage-
ment, and promote low-carbon economic growth.
support is critical to address this threat?
Dr. Musadik Malik: The rapid melting of glaciers in the The Editorial Board thanks Dr. Musadik Masood Malik, Federal
Minister for Climate Change for sparing his precious time to give an
Himalayas-Karakoram-Hindu Kush (HKH) region poses a
exclusive interview for Chartered Management Accountant Journal.
critical threat to Pakistan’s water security, agriculture, and
ICMA’s Chartered Management Accountant, Nov-Dec 2025