Reducing emissions from deforestation and forest degradation (REDD/REDD+) has the potential to help Pakistan mitigate climate change. Forests represent a significant carbon stock and sink, but Pakistan is losing about 2,700 hectares of forest per year through deforestation. If this deforestation could be fully avoided and compensated through REDD+, it could generate $94.74 million to $315.8 million annually for Pakistan depending on the price of carbon credits. However, there are also risks involved and Pakistan would need to improve its capacity and address drivers of deforestation before implementing a REDD+ program.