Pakistani authorities have reached a deal with the International Monetary Fund (IMF), avoiding a potential default on sovereign debt. This deal has allowed funds to flow in from partners such as Saudi Arabia, the United Arab Emirates, and multilateral financial institutions like the World Bank. While this deal provides some breathing room for Pakistan, it is important to note that it only provides temporary relief. The country must now focus on implementing economic reforms to ensure sustainable long-term growth and reduce reliance on imports. Pakistan’s import bill has decreased due to regulations imposed by the central bank, but the country still faces challenges in areas like agriculture and energy. To address these challenges, Pakistan could consider adopting agrivoltaics, a modern approach that combines agricultural practices with solar energy production. Agrivoltaics optimizes land usage, provides shade for crops, reduces irrigation needs, and contributes to renewable energy supply. It is a suitable option for countries like Pakistan that have high solar energy potential and limited land availability. By investing in solar energy and promoting its integration into the energy mix, Pakistan can achieve its goals of food and energy security while reducing its carbon footprint.
>>Join our Facebook Group be part of community. <<