“Pakistan is highly vulnerable to worsening climate change; building resilience is key to avoiding poverty increases, otherwise, there is a significant probability of more frequent and intense events such as droughts, floods, and sea level rise.”
This was disclosed by a World Bank high-power delegation led by its Regional Director for Sustainable Development, South Asia, Mr. John A. Roome who met with Sindh Chief Minister Syed Murad Ali Shah here at CM House.
The meeting was attended by provincial ministers, the chief secretary, the chairman P&D, and others.
Through a presentation, the world bank’s regional director for South Asia told the meeting about the report that Pakistan’s recent poverty reduction was fragile due to macro-fiscal vulnerabilities and low, volatile growth.
The report said that the reduced extreme poverty due to off-farm economic and foreign remittances, growth in per capita GDP has been volatile and low. The structural issues, including circular debt, large and unproductive subsidy regimes, and inadequate tax collection adds to fiscal stress and constrained investment in human capital, basic infrastructure, and services.
According to the report Pakistan has been a low GHG emitter, but there are opportunities in Pakistan’s own interests to decarbonize the economy. Pakistan contributed less than one per cent of total Green House Gases emissions between 1990-2018.