Govt launches sustainable financing framework

ISLAMABAD:

Pakistan has established the Sovereign Sustainable Finance Framework to reinforce its commitment to sustainability and provide a structured approach for floating sustainable financing instruments. Through this initiative, Pakistan aims to enhance its participation in the global sustainable finance market while fostering the development of a robust sustainable financing ecosystem, according to a statement issued on Tuesday.

Developed with Citibank and Deutsche Bank as sustainability coordinators, the framework aligns with international standards, including the ICMA principles for green, social and sustainability bonds, loan market association principles for green and social loans and blue bond guidelines from leading global institutions. Sustainable Fitch has provided an independent second party opinion to ensure transparency and credibility.