An International Monetary Fund (IMF) team on Monday landed in Pakistan to discuss climate financing.
As per details, discussions will focus on green budgeting, climate spending tagging, tracking, and reporting. For the upcoming fiscal year 2025-26, the government is considering imposing a carbon levy, with initial proposals set to be discussed in the next round of negotiations.
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The IMF delegation is expected to provide recommendations regarding the levy.
The talks, which will continue until February 28, will also cover carbon levies, electric vehicles, and subsidies. Additionally, the IMF is set to propose measures to expand green budgeting in the next fiscal budget.
Negotiations will solely focus on climate change initiatives, with federal and provincial representatives briefing the IMF delegation on their respective climate action plans.
This visit follows a successful meeting between Prime Minister Shehbaz Sharif and IMF Managing Director Kristalina Georgieva in Dubai.
The IMF had been supporting Pakistan’s economic development and reform efforts through various programs, including the Extended Fund Facility (EFF) arrangement.
