ISLAMABAD: The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) will provide policy advisory and technical support to energy financing to assist Pakistan in the development of its Energy Transition Investment Plan (ETIP).

At the request of the government, a scoping mission of UN-ESCAP visited Pakistan recently, and held talks with ministries concerned and development partners to understand the needs, challenges, and opportunities in Pakistan on energy transition financing. The team obtained a deep understanding of entry points to building a strong ETIP and understanding where challenges and opportunities may lie, UN-ESCAP says.

The country’s energy transition is critical for economic resilience, climate commitments, and fiscal stability. Heavy reliance on imported fossil fuels, coupled with a circular debt crisis........

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