Pakistan, May 29 -- Pakistan and the Asian Development Bank (ADB) have taken a key step toward building a joint strategy focused on carbon markets and climate innovation. The decision was made during a high-level meeting between Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, and ADB's Senior Director for Climate Change and Sustainable Development, Toru Kubo.

According to the Ministry of Climate Change, both sides agreed to create a results-driven, transparent climate strategy. This would focus on mobilizing carbon credits, promoting innovative climate solutions, and delivering measurable project outcomes. The collaboration aims to align Pakistan's climate goals with global standards while unlocking...