A global climate conference going overtime in Egypt on Saturday appeared heading towards reaching an agreement on the contentious issue of creating a fund to compensate climate-vulnerable countries, officials said. The two-week conference, known as COP27, had been due to conclude on Friday, but was extended to Saturday in the hope of reaching a breakthrough. One of the thorniest issues at the centre of the talks is the payment of reparations for damage caused by climate change in poorer countries, an issue known as loss and damage. Pakistan’s ambassador to South Korea, Nabeel Munir, said a cur…