Threat of losing exports, FDI looms

Pakistan is facing the threat of losing exports and foreign direct investment (FDI) because of potential failure to comply with measures required to combat climate change as global buyers increasingly urge domestic producers to report their best and bad practices contributing to global warming. Speaking at the launch of a report titled "Pakistan's Climate Crossroads: Private Sector Solutions to Climate Challenges" at the Overseas Investors Chamber of Commerce and Industry (OICCI) on Wednesday, OICCI President Rehan Shaikh said ensuring compliance and Pakistan's nominal contribution of less than 1% to greenhouse gas emissions (GHG) provided it an opportunity to attract international green financing of $500 billion through marketing climate-friendly projects.