Bank Alfalah Limited has signed a USD 50 million senior term loan facility with British International Investment (BII), aimed at scaling climate finance across Pakistan and supporting projects focused on climate mitigation, adaptation, and resilience.
The agreement was formally signed at BII’s headquarters during London Climate Action Week by Bank Alfalah President and CEO Atif Bajwa and BII Chief Executive Officer Leslie Maasdorp, in the presence of British High Commissioner to Pakistan Jane Marriott. The partnership also includes technical assistance from BII to help Bank Alfalah develop and channel financing toward high-impact climate projects.
Under the facility, Bank Alfalah will expand funding for eligible climate-related initiatives in Pakistan, including climate-smart agriculture, improved water irrigation systems, renewable energy, and other sustainability-linked solutions. The financing is expected to support businesses and agribusinesses that are particularly exposed to climate risks such as floods, heatwaves, and water stress.
Officials said the initiative reflects growing urgency to mobilize private sector capital for climate resilience in Pakistan, a country widely considered highly vulnerable to climate change impacts. The collaboration also aims to help bridge financing gaps in adaptation and mitigation sectors while supporting long-term sustainable economic growth.
Atif Bajwa said the partnership reinforces the bank’s commitment to sustainable finance and its ability to attract global capital for impactful development. Leslie Maasdorp highlighted that increasing access to climate finance is essential for building resilience and supporting green growth, particularly in climate-affected economies like Pakistan. Jane Marriott noted that the initiative demonstrates strong UK–Pakistan cooperation in addressing climate challenges while promoting investment in greener and more resilient communities.
The transaction further strengthens Bank Alfalah’s position as a key player in Pakistan’s sustainable finance ecosystem, complementing its broader portfolio in renewable energy, energy efficiency, and climate-linked lending, as well as its social support initiatives including post-flood rehabilitation efforts.
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