Islamabad, June 9, 2025 – According to the Economic Survey of Pakistan 2024–25 released on Monday, Pakistan officially recorded the year 2024 as the ninth warmest year in the past 64 years.
With an average temperature of 23.52°C, the year was also marked by unusually high rainfall—31% above the historical average—reflecting the intensifying impact of climate change on Pakistan’s weather patterns.
This data further underscores the growing climate vulnerabilities facing Pakistan, which has frequently ranked among the countries most at risk from climate-induced disasters. The government has taken several steps to address this pressing issue. A key achievement includes securing around $1.4 billion under the International Monetary Fund’s Resilience and Sustainability Facility (RSF). The funding will support efforts to enhance climate resilience and implement long-term adaptation strategies.
To mainstream climate action, Pakistan has institutionalized a climate budget framework. This integration ensures that environmental considerations are systematically included in all federal policies and fiscal planning processes. In a major development, Pakistan launched its first Carbon Market Policy at COP29 in Baku in November 2024—marking a turning point in the country’s commitment to reducing emissions and promoting sustainable development.
The Recharge Pakistan Project, initiated in September 2024 with a funding package of $77 million, focuses on ecosystem-based flood management. The project aims to increase flood resilience while promoting sustainable water resource management through nature-based solutions.
As part of governance reforms, Pakistan also implemented Climate Budget Tagging (CBT) across more than 5,000 federal government cost centers and 40 minor sub-classifications. This tool improves the tracking and efficiency of climate-related expenditures, enhancing transparency and accountability.
Additionally, the launch of Pakistan’s first Green Sukuk, valued at Rs 30 billion, marks a milestone in the country’s green finance journey. The Sukuk aims to attract investment in renewable energy, climate adaptation, and environmentally sustainable infrastructure.
With 2024 now counted among the warmest years in its recorded history, Pakistan is entering a critical phase in its climate journey. The year 2024 not only highlights environmental challenges but also represents a turning point in Pakistan’s efforts toward building a climate-resilient future.