+923218400111
ROOM NO 214, 2ND FLOOR, LSE PLAZA, 19-KHYABAN-E-AIWAN-E-IQBAL, LAHORE
accounts@bspl.com.pk

Are you ready to change the game? Find Out More

Pakistan to benefit from $250m climate resilience fund for glacier-fed areas
Home » BUISNESS  »  Pakistan to benefit from $250m climate resilience fund for glacier-fed areas

Women farmers plant rice saplings in the field in Muridke, Sheikhupura District in Punjab province, Pakistan August 12, 2025. — Reuters
Women farmers plant rice saplings in the field in Muridke, Sheikhupura District in Punjab province, Pakistan August 12, 2025. — Reuters

The Green Climate Fund (GCF) has approved $250 million in financing for Glaciers to Farms, a large-scale adaptation initiative spearheaded by the Asian Development Bank (ADB).

According to an ADB statement, the programme is designed to support communities across Pakistan, Central Asia, and the South Caucasus that rely on glacier-fed water systems, helping them adapt to the mounting challenges of climate change.

The funding, mostly in grants, will complement $3.25 billion from ADB over the next decade. It will support projects in nine countries, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan, all of which rely on glacier-fed rivers for farming, drinking water, and electricity.

By improving irrigation, water storage, and watershed management, the plan will help farmers maintain their crops even as glacial melt increases the risk of droughts and floods, particularly in Pakistan’s northern mountain regions.

“Rapid glacial retreat is one of the most complex challenges our region faces,” ADB Director Yasmin Siddiqi said.

“With support from GCF, Glaciers to Farms will help communities move from short-term fixes to long-term solutions that protect lives and livelihoods today and for the future," she added.

In Pakistan, the plan focuses on the Swat river basin, covering around 27 million hectares and directly benefiting 13 million people, including farmers and other vulnerable populations. The initiative will fund climate and glacier assessments, strengthen early warning systems, and help communities manage threats like glacial lake floods and prolonged droughts.

Beyond water and agriculture, the plan will also support social protection programs, health services, and local banks to help agricultural businesses, especially those led by women.

By combining these efforts, the plan aims to make Pakistan’s mountain communities more resilient and self-reliant.

“The Glaciers to Farms plan is a truly innovative and collaborative effort,” GCF Director Thomas Eriksson said.

"It sets a benchmark for how countries in Central and West Asia can work together to protect water and food systems from climate impacts," he added.

Approved at GCF’s 43rd Board Meeting on October 29, the plan builds on glacier risk assessments carried out in 2024, which provided the scientific basis for the initiative.

Founded in 1966, ADB is owned by 69 members, including 50 from the region, and works to promote inclusive, resilient, and sustainable growth across Asia and the Pacific.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Public Notice

Beware of Fraudulent Schemes Misusing the Name of Bridge Securities Pvt. Ltd

Fraudulent individuals and entities may misuse the identity of Bridge Securities Pvt. Ltd or falsely impersonate its directors or executives to deceive the public through unauthorized communication channels, fake profiles, and misleading information.

We strongly advise our clients and the general public to exercise caution and remain vigilant against such scams.

Please note:

  • Bridge Securities Pvt. Ltd has no affiliation with any unofficial pages, profiles, apps, or WhatsApp numbers.
  • We never request OTPs, personal information, funds, or investments through unofficial platforms.
  • All communication from Bridge Securities Pvt. Ltd is conducted only through our official phone numbers, website, email, social media handles through official representatives.

For your safety:

  • Always verify the authenticity of any communication before engaging.
  • Make sure that you are dealing with licensed entities and registered professionals by conducting research from the PSX and SECP websites.
  • Regularly visit SECP, PSX, CDC, and NCCPL websites for authentic updates.
  • Transact only through official banking channels linked to licensed brokers.
  • In case of any ambiguity it is recommended to contact and verify the information through our official representatives.

Official Channels:

  • Website: www.bspl.com.pk
  • Email: accounts@bspl.com.pk
  • Social Media: Not Available
  • Helpline: 0321-8400111

Shareholder Agahi – Your Gateway to Shareholder Insights

Pakistan’s first comprehensive platform, developed by PICG and CDC, dedicated to enhancing shareholder awareness and empowerment.

Discover Shareholder Agahi- Your one-stop hub for real-time shareholder updates, rights, and governance insights. Empower yourself with accurate information.Explore the portal: https://www.shareholderagahi.com/ Watch the tutorial (Urdu): https://www.youtube.com/watch?v=O7iCRiKJ37A

This will close in 20 seconds