ISLAMABAD: Pakistan has listed its first PKR-denominated green bond on the Pakistan Stock Exchange (PSX), marking a key step in expanding sustainable finance and mobilising private investment for climate-related projects. The PFSL Green Bond listing is aimed at directing capital toward renewable energy, clean agriculture and green transportation initiatives.
Developed with technical support from the UK government’s MOBILIST programme, the green bond has been issued by Parwaaz Financial Services Limited (PFSL). Officials say the initiative reflects growing efforts to strengthen Pakistan’s financial markets while addressing climate and development challenges through private sector participation.
Ceremony marks milestone in capital markets
The listing was formally marked through a gong ceremony in Islamabad, attended by representatives from the Ministry of Finance, Ministry of Climate Change and Environmental Coordination, Pakistan Stock Exchange, Securities and Exchange Commission of Pakistan (SECP), Karandaaz Pakistan, PFSL and the British High Commission.
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British High Commissioner Jane Marriott said the UK supported the initiative as part of efforts to promote innovative development finance and encourage investment in climate action.
Focus on private investment and sustainability
Adviser to the Finance Minister Khurram Schehzad noted that Pakistan’s development and climate financing needs cannot be met through public funds alone, stressing the importance of private capital in driving long-term impact.
Karandaaz Pakistan Chairperson Syed Salim Raza said the listing highlights the evolving role of structured financial instruments in supporting economic and environmental priorities.
Strengthening Pakistan’s capital markets
Pakistan Stock Exchange Chairman Ruhail Muhammad said the listing reinforces the exchange’s role in promoting innovative financial products that contribute to sustainable economic growth.
PFSL CEO Javed Iqbal stated that the green bond is expected to enhance investor confidence by offering liquidity and stable returns, while ensuring that funds are channelled into projects with measurable environmental and economic benefits.
The development marks a significant step in Pakistan’s efforts to align its financial system with global sustainability goals and expand climate-focused investment opportunities.
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