Analysis: Greenwashing the ‘climate change’ budget

WHILE Pakistan’s FY26 federal budget is being sold as the country’s first-ever “climate budget”, there are inherent contradictions.

Under the International Monetary Fund’s (IMF) Extended Fund Facility, the government is pushed towards austerity while raising tax revenue. Meanwhile, under the IMF’s Resilience and Sustainability Facility (RSF), Pakistan is supposed to take measures to adapt to climate change. However, the EFF seems to be negating the effects of the RSF.

“The government...