ISLAMABAD:
Acumen Pakistan has launched a $90 million Agriculture Resilience Fund to help local weather adaptation within the nation’s agriculture sector, probably the most susceptible to local weather change.
The initiative was mentioned throughout a gathering between Acumen Pakistan’s CEO and Nation Head Dr Ayesha Khan and her group with Federal Minister for Finance and Income Senator Muhammad Aurangzeb on the Finance Division on Tuesday.
Based on an official assertion, the Acumen group briefed the minister on the fund, which has been designed as a blended finance facility to strengthen meals techniques, promote sensible farming practices, and improve farmer resilience by way of focused investments in agribusinesses. The finance minister welcomed the initiative, stressing that Pakistan’s agriculture-dependent economic system faces extreme dangers from local weather change. He mentioned progressive financing fashions have been crucial for constructing adaptive capability, bettering meals safety, and defending rural livelihoods.
Aurangzeb acknowledged Acumen’s continued dedication to Pakistan, noting its efforts to channel funding into sustainable growth and local weather resilience. He assured the federal government’s help for initiatives aligned with nationwide priorities.
It was additional shared {that a} high-level delegation of Acumen Board members and world buyers will go to Pakistan subsequent month. The delegation will maintain conferences with key stakeholders in Islamabad, Lahore, and Karachi to discover alternatives in gentle of the nation’s bettering macroeconomic indicators.
Either side reaffirmed their dedication to working collectively for the event of a resilient and sustainable agriculture sector in Pakistan.
