Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed on Monday met with stakeholders to discuss the Public Investment Management Assessment (PIMA) and Climate-PIMA, as well as the action plan recommended by the International Monetary Fund (IMF).
PIMA and Climate-PIMA are assessments of Pakistan’s Public Investment Management System and its Climate Change Adaptation Program, respectively. The IMF recommended action plan provides suggestions for improving Pakistan’s public investment management system and climate change adaptation.
During the meeting, the Head of Growth and Employment of the Planning Commission highlighted various aspects of PIMA and Climate-PIMA and their action plans. The Climate-PIMA action plan emphasized the importance of a climate-responsive public investment framework that integrates climate considerations into the planning and implementation of all development projects. This approach is consistent with Pakistan’s National Adaptation Plan (NAP) and Nationally Determined Contribution (NDC), demonstrating Pakistan’s commitment to climate-smart policies and practices.
The Planning Minister asked stakeholders to improve the effectiveness of public investments through improved processes and financing mechanisms. He emphasized the need to align the entire project cycle with the emerging challenges in the economy and promote economic growth by investing in the right areas.
The meeting was attended by the Secretary, Ministry of Planning, Commissioner for Climate Change and Food Security, Head of Growth and Employment, Planning Commission, Joint Chief Economist (Ops), Planning Commission, Joint Chief Economist, Macroeconomics, Planning Commission and other relevant stakeholders.