Caretaker Minister for Finance, Dr Shamshad Akhtar has said that the country is exploring debt-for-nature-swap with global agencies to enhance its market competitiveness.

Addressing the 26th Sustainable Development Conference in Islamabad, she said the interim leadership has successfully reached a staff-level agreement with IMF for a standby three billion dollar loan grant.

She said the government is committed to the IMF program which should be a homegrown agenda of Pakistan.

Highlighting the country’s rising vulnerability to climate shocks that had increased manifolds, she expressed her optimism for the forthcoming COP-28 international climate moot and hoped to have a positive discourse at the forum.