Pakistan launches first Green Sukuk for sustainable growth and foster economic green economic growth.
Pakistan has introduced its first-ever Green Sukuk, aiming to expand its investor base, strengthen the financial sector, and speed up the country’s shift toward a greener and more resilient economy.
According to a press release from the Ministry of Finance, the initiative also seeks to direct investments toward eco-friendly projects, stimulate economic development, and incorporate sustainable finance into the country’s core development agenda.
This groundbreaking financial tool is expected to transform Pakistan’s sukuk landscape by channeling funds into sustainable ventures while driving overall economic progress, the statement noted.
The Green Sukuk represents a major milestone in bringing Pakistan’s financial markets in line with international standards in green finance. The first issuance, expected to range between Rs20 to Rs30 billion, will be held through an auction and listed on the Pakistan Stock Exchange (PSX), which will also promote it to investors.
The program has been developed with the assistance of Joint Financial Advisors: Meezan Bank Limited, Bank Alfalah Limited, Dubai Islamic Bank Pakistan Limited, and BankIslami Pakistan Limited.
The initiative is underpinned by the Sustainable Investment Sukuk Framework, approved by the Cabinet, and aligns with Pakistan’s Vision 2028, which includes transitioning to an interest-free economy. It highlights the government’s firm resolve to use financial tools for sustainable development goals.
The Ministry of Finance described the Green Sukuk as a symbol of innovation and the government’s dedication to sustainability, offering investors a meaningful chance to back eco-friendly initiatives while contributing to national economic growth.
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