Finance Minister Muhammad Aurangzeb has underscored the urgent need for Pakistan to confront the dual challenges of climate change and rapid population growth, describing them as critical barriers to unlocking the nation’s full economic and developmental potential. Speaking at the Pakistan Population Summit in Islamabad, the minister highlighted that meaningful progress requires collective responsibility, strategic planning and a reallocation of national resources toward the most pressing priorities.

Addressing policymakers, development partners and stakeholders, Aurangzeb stressed that Pakistan’s development trajectory cannot be sustained unless climate resilience and population management are placed at the forefront of national planning. He noted that unchecked population growth continues to strain education, healthcare, employment and resource availability, while climate-related disasters increasingly threaten food security, infrastructure and economic stability.

The Finance Minister emphasized that during the upcoming National Finance Commission (NFC) Award discussions, progress will be achieved only through consensus among all federating units. He pointed out that equitable distribution of resources must align with emerging national needs, especially as climate and demographic concerns intensify.

Aurangzeb also highlighted Pakistan’s long-term development partnership with the Asian Development Bank (ADB). Under the country partnership program, ADB will extend two billion dollars annually for the next ten years, providing a substantial financial foundation to drive structural reforms and climate adaptation initiatives. He noted that four out of six agenda priorities in the program directly address climate change and population-related issues — a clear indication of their growing importance.

The minister added that Pakistan cannot rely solely on external funding and must take ownership of designing, developing and implementing projects that directly confront these challenges. He reiterated that investment in climate-resilient infrastructure, environmental preservation, sustainable agriculture and population planning is essential for long-term stability.

Aurangzeb further announced that Pakistan is preparing to launch its first-ever Skills Impact Bond in the coming days. This initiative is aimed at enhancing youth skill development through results-based financing, enabling young people to secure better employment opportunities and contribute more effectively to the national economy. He stated that empowering the youth workforce is essential as Pakistan transitions toward a more skilled, climate-conscious and economically resilient society.

The minister’s remarks reflect growing urgency within government circles to align economic planning with environmental sustainability and demographic realities. With climate threats intensifying and the population expanding rapidly, Aurangzeb’s message serves as a reminder that Pakistan’s future depends on forward-looking policies and collective commitment.