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Despite its economic means, Pakistan has done enough for the environment, says Khan

PAKISTAN had done more than any other countries in the world to combat global warming relative to its economic means, said prime minister Imran Khan on Friday (4).

Pakistan, this year's host of the United Nations' annual World Environment Day on June 5, is among the countries worst affected by climate change, having been regularly hit by devastating floods in recent years, displacing hundreds of thousands of people and destroying swathes of agricultural land.


"Has the developed world done enough: The answer is no," Khan said in an interview with Reuters at his official residence in Islamabad. "Emissions are from the rich countries. And I think they know they haven’t done enough."

This year's World Environment Day will serve as the launch of the UN Decade on Ecosystem Restoration, calling for urgent action to revive damaged ecosystems.

Under Khan, Pakistan has undertaken many restoration projects, including a 10 billion tree-planting drive. This week Khan planted the billionth tree in that drive.

The UN Environment Programme (UNEP) said in a report released on Friday (4) that over the last five years Pakistan had experienced an environmental turnaround after years of decline in its natural capital, but added more needed to be done.

Khan said developing countries like Pakistan had done "more than enough" to combat global warming and climate change despite having limited budgets and an array of problems to deal with such as in education and health.

"To take so much money out as we did – proportionate to our GDP and available income – I think Pakistan has done more than any country in the world," he said.

Aside from ecological restoration projects, Pakistan has also recently become active on the global green finance market, looking to access finance for environmentally friendly projects and decrease its reliance on fossil fuels.

Khan said global green financing and the valuation of natural assets provided good incentives to the developing world to protect the environment.

"If you can prove to the people that by protecting your environment you can actually gain something as well, that means you have more buy-in from the people," he said. "Remember: hungry people do not really care for the environment."

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

Highlights

  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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