US, Pakistan partner promote investment in clean-tech SMEs

Business May, 4 2023
US, Pakistan partner promote investment in clean-tech SMEs
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Karachi: Sindh Chief Secretary Dr. Muhammad Sohail Rajpot and representatives of USAID and US Embassy jointly inaugurated an Investment Roadshow geared towards raising climate investment in Pakistan for SMEs in solar and wind energy, giving on and off-grid energy solutions as well as innovative companies working on net neutrality goals of country. 2-day investment forum and expo took place at Avari Towers and brought together key financial institutions and investors together. Event was organised by USAID-funded Pakistan Private Sector Energy Project that is implemented by Private Financing Advisory Network in partnership with UNIDO and REEEP. PFAN has globally raised $3bn in investment in climate finance to date.

Suhail Rajpot commented on Pakistan’s ripe investment readiness as well as pressing need for sustainable infrastructure scale-up. “I am glad to learn that Sindh was found to be priority province by Pakistan Private Sector Energy project as our province is rich in scaling up of wind, solar and waste to energy in our provincial and national energy strategy,” Dr. Rajput said.  He said that government of Sindh with financial support of World Bank ($100 million) launched Sindh Solar Energy project mainly focused to divert conventional methods of energy production to state of art new and renewable technologies.

Published in The Daily National Courier, May, 03 2023

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Staff Reporter
Staff Reporter https://www.dailynationalcourier.com/author/staff-reporter
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

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