Pakistan is accelerating its shift towards a greener future, aiming for 30% electric vehicle (EV) adoption by 2030. Pakistan’s Commitment Prime Minister Muhammad Shehbaz Sharif highlighted this commitment while addressing the World Global Summit in Dubai. He emphasized the country’s vision for economic transformation, climate resilience, and global partnerships to drive sustainable growth.
Pakistan’s Green Energy Goals Pakistan’s Commitment
The prime minister underscored Pakistan’s ambitious targets, including a 60% clean energy mix by 2030 and a major push toward solar, wind, and nuclear power. He revealed that Pakistan requires $100 billion in investment to support its energy transition and urged global investors to explore the country’s untapped green energy potential.
Key Highlights from PM Shehbaz Sharif’s Address Pakistan’s Commitment
- Reduction in inflation to 2.4% and interest rates capped at 12%.
- Investment-friendly policies, including tax exemptions and incentives for solar energy adoption.
- Renewable energy expansion, with 50,000 MW wind energy potential in the south and 30,000 MW hydropower capacity in the north.
- Special Investment Facilitation Council (SIFC) established to attract foreign direct investment (FDI) in energy, agriculture, and technology sectors.
Strengthening Global Partnerships Pakistan’s Commitment
During his visit, PM Shehbaz Sharif engaged in high-profile meetings with world leaders, including UAE President Sheikh Mohamed bin Zayed Al Nahyan and Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum. These discussions centered on enhancing trade, investment, and economic collaboration between Pakistan and the UAE.
Pakistan also explored new trade opportunities with Bosnia and Herzegovina, Kuwait, and Sri Lanka, strengthening diplomatic ties and fostering economic cooperation in various sectors.
Business & Investment Prospects in Pakistan Pakistan’s Commitment
Pakistan is positioning itself as one of the most attractive investment destinations in Asia, thanks to its young and tech-savvy population (70% under 30 years old) and strategic location connecting South and Central Asia. PM Shehbaz Sharif emphasized the government’s efforts to simplify business regulations, ensure legal protection, and streamline approval mechanisms to attract foreign investors.
Commitment to Eco-Friendly Agriculture
Under the Adaptation Policy of 2023, Pakistan is embracing sustainable agricultural innovations to improve food security and enhance rural economic growth. The government is prioritizing modern techniques to boost productivity and reduce the environmental impact of farming practices.
UAE & Pakistan Economic Cooperation
In his meeting with DP World’s Chairman & CEO Sultan Ahmed bin Sulayem, PM Shehbaz Sharif welcomed initiatives to boost Pakistan’s trade and logistics infrastructure. A notable development was the announcement of a dedicated exhibition hall in the UAE to promote Pakistani products, enhancing their visibility in international markets.
Looking Ahead: A Greener Future for Pakistan
PM Shehbaz Sharif reaffirmed Pakistan’s commitment to sustainable development and climate action. His call for global investment in renewable energy, technology, and modern infrastructure signals a new era of economic growth and environmental responsibility for Pakistan.
Why This Matters for Pakistan?
- A shift to electric vehicles and clean energy will reduce reliance on fossil fuels.
- More foreign investment will accelerate economic growth and job creation.
- Sustainable agriculture will ensure long-term food security.
- Stronger global partnerships will open doors for trade and development.
Pakistan’s ambitious vision for a cleaner, greener, and more prosperous future depends on strategic investments and global cooperation. As the country moves toward its 2030 goals, these initiatives will play a pivotal role in shaping its sustainable growth trajectory.
Pakistan’s Commitment to Clean Energy: 30% EVs by 2030
