ISLAMABAD: Pakistan’s Coordinator to the Prime Minister on Climate Change Romina Khurshid Alam on Sunday unveiled the country’s first National Carbon Market Policy, saying that the government wanted to attract investments in green initiatives and transition toward a low-carbon economy.
Carbon markets refer to systems that aim to reduce greenhouse gas emissions by allowing companies or organizations to buy and sell “carbon credits.” This is achieved by offering financial incentives to these entities to cut emissions. 
Pakistan is ranked the 5th most vulnerable country to climate change, according to the Global Climate Risk Index. In 2022, devastating floods killed over 1,700 people and affected over 33 million, with economic losses exceeding $30 billion. International donors pledged over $9 billion last January to aid Pakistan’s flood recovery but officials say little of the promised funds have been received so far.
“Let me say this confidently that Pakistan is now ready to lead, innovate and collaborate with local private sector as well as international partners for the development of carbon markets to attract investments in green initiatives for achieving climate goals under the Paris climate pact,” Alam said in a statement. 
Alam was attending an event held at the Pakistan Pavilion in Baku, during the sidelines of the global COP29 climate conference, to launch the country’s first carbon market policy. The event was attended by members of international civil society organizations, delegation members of different countries, academia, researchers, policymakers and journalists. 
“By participating in such markets, Pakistan can incentivize businesses and industries to adopt cleaner technologies and practices,” she said. 
Alam said the success of Pakistan’s carbon markets will depend on its ability to collaborate with international partners. 
“We welcome partnerships with international investors, organizations, and governments to ensure that this market becomes a regional and global success story,” she said.
Pakistani Prime Minister Shehbaz Sharif, who spoke at a number of events at COP29 earlier this week, used the forum to highlight the need to restore confidence in the pledging process and increase climate finance for vulnerable, developing countries.
The main task for nearly 200 countries at the COP29 summit from Nov. 11-22 is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide.

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) this week disclosed that over 20,000 companies and freelancers have so far registered for Virtual Private Networks (VPNs) through its official website, days after it announced banning illegal ones. 
Pakistan’s Ministry of Interior sent a letter to the PTA on Friday asking it to block illegal VPNs across the country, citing their use by militant groups for financial transactions and violent activities.
This directive follows international criticism of Pakistan’s Internet restrictions, notably after the February general elections, where allegations of electoral manipulation led to the blocking of social media platform X. Media reports also suggested the government was setting up a national firewall, which had led to the slowdown of Internet speed across Pakistan. 
“To date, more than 20,000 companies and freelancers have successfully registered their VPNs through this efficient process,” the PTA said in a statement on Saturday.
The PTA said it had streamlined the VPN registration process for organizations and freelancers, saying that entities such as software houses, call centers, banks, embassies, and freelancers can now easily register their VPNs online through the PTA’s official website: www.pta.gov.pk.
It said the registration process involves completing an online form and providing basic details, including the national identity card number, company registration details and taxpayer status. 
Meanwhile, it said freelancers must submit documentation, such as a letter or email, verifying their project or company association. Additionally, it said applicants must provide the IP address for VPN connectivity. If a fixed IP address is required, it can be acquired from an Internet Service Provider (ISP).
“The registration process is free, and approvals are typically granted within 8–10 hours of submission,” the PTA said.
After the interior ministry circulated its letter calling for a ban on VPNs on Friday, the Council of Islamic Ideology, a constitutional advisory body that reviews laws to ensure they align with Islamic principles, also declared VPNs usage “un-Islamic” in a statement the same day.  
“The government and the state have the authority, from an Islamic perspective, to prevent all actions that lead to wrongdoing or facilitate it,” the council’s chairman, Raghib Hussain Naeemi, was quoted as saying in the statement. 
“Therefore, measures to block or restrict access to immoral and offensive content, including the banning of VPNs, are in accordance with Shariah.”
VPN users in Pakistan have already reported significant disruptions to services since last weekend, with issues relating to connectivity and restricted access.
Pakistan’s decision to impose online restrictions have been questioned by free speech activists and businesses alike.
PREDA, Pakistan’s first membership-based organization dedicated to promoting and protecting the interests of professionals, also wrote a letter to the government earlier in the day, appealing for the adoption of stable digital policies to support growth and build an eco system for global competitiveness.