Pakistan presents $96bn opportunity for private sector to invest in sustainable development: SCB

●     Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets

●     Pakistan offers a potential private-sector SDG investment opportunity of $96.2 billion

●     At $44.7 billion, the greatest private-sector opportunity in Pakistan is investment in achieving and maintaining universal access to electricity (SDG 7)

KARACHI: The Standard Chartered SDG Investment Map reveals an almost $10 trillion ($9.668 trillion) opportunity for private-sector investors across all emerging markets to help achieve the UN’s Sustainable Development Goals (SDGs), with Pakistan representing $96.2 billion of that totals.

The study identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy and SDG 9: Industry, Innovation and Infrastructure across emerging markets

Need for private investment intensifying:

The greatest investment opportunity in Pakistan is found in achieving and maintaining universal access to electricity (a key SDG 7 indicator), representing a $44.7 private-sector opportunity. This considers the proportion of the population currently without electricity access (29 per cent), projected population growth, and the growing demand for power as the economy develops.

There is also significant opportunity for investment in digital infrastructure, with a potential private-sector contribution of around $34 billion needed to achieve full digital adoption (measured by a combination of mobile phone subscription rates and internet connectivity). Digital access is a key indicator for SDG 9, which encourages improvement in industry, innovation and infrastructure. The other SDG 9 indicator in Opportunity2030 is transport infrastructure. To significantly improve Pakistan’s transport infrastructure by 2030 indicates a $13.5 billion investment opportunity for the private sector.

The opportunity in the water and sanitation sector is smaller but could make a significant impact. Almost a quarter (24 per cent) of Pakistan’s population still do not have access to clean water and sanitation, a key SDG 6 indicator. Closing this gap by 2030 will require significant investment, with an opportunity for the private sector to provide around USD4 billion of the funding.

Shazad Dada Chief Executive Officer at Standard Chartered said, “Pakistan has demonstrated strong commitment to the UN Sustainable Development Goals by becoming the first country to adopt the SDGs as part of its national development agenda through a Parliamentary Resolution. The private sector will play a crucial role in enabling Pakistan to hit these targets and there is substantial opportunity for investment that supports infrastructure development, including digital, energy provisioning as well as clean water and sanitation.

“Opportunity 2030 provides an important map of the SDG opportunities for private sector investors looking to invest with impact and improve the lives of millions of Pakistanis over the next decade.”

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