Planning minister briefed on Climate-PIMA, IMF’s action plan

ISLAMABAD: Caretaker Minister for Planning Development & Special Initiatives Muhammad Sami Saeed was briefed on the Public Investment Management Assessment (PIMA) and Climate-PIMA, and suggested an action plan by the International Monetary Fund (IMF).

The briefing was given during a meeting chaired by the planning minister and attended by the secretary Planning Ministry, Member of Climate Change & Food Security, Chief of Growth and Employment at the Planning Commission, Joint Chief Economist, Joint Chief Economist for Macroeconomics at Planning Commission and other relevant stakeholders. During the meeting, the Chief of Growth and Employment gave a detailed briefing highlighting the various aspects of PIMA and Climate-PIMA and its action plan. The action plan underscores the importance of a climate responsive public investment framework, integrating climate considerations into the planning and execution of all development projects. This approach aligns with the National Adaptation Plan (NAP) and Nationally Determined Contributions (NDCs), signifying Pakistan’s dedication to climate-smart policies and practices. The planning minister asked the stakeholders to improve the effectiveness of public investment by improving procedures and financing mechanisms. The entire project cycle needs to be aligned with challenges emerging in the economy, said the minister, while emphasizing the need to boost economic growth by investing in the right areas. The minister further emphasized the importance of improving the project appraisal as well as the evaluation process. He reaffirmed that the Ministry’s commitment for leading Pakistan towards a sustainable and resilient future.