Caretaker Finance Minister Dr Shamshad Akhtar said on Wednesday Pakistan is facing a trade-off between raising climate finance and development finance. “I think we need to be conscious that getting money is a big issue that we face in addressing the climate agenda,” she said, noting that seeking money for climate finance undercuts other development finance requirements. Speaking at the second Pakistan Climate Conference organised by the Overseas Investors Chamber of Commerce and Industry (OICCI), Dr Akhtar said the best recourse for Pakistan will be to use its “best of the best firms” to attract institutional investors’ financing for bridging a “substantial” gap. (more)