: The Government of Pakistan has launched its sovereign sustainable finance framework, which has marketing an important step towards integrating stability in the country’s financial strategy and enhancing its presence in the global sustainable finance market.
Announcing September 30 by the Finance Division, the new framework is designed to guide the launch of numerous sustainable financial equipment, including green, social, and sustainability bonds and loans. The move is aimed at promoting a strong ecosystem for sustainable finance in Pakistan, which can support the country’s more flexible and comprehensive economy.
The framework was developed in partnership with the City Bank and the Deutsche Bank, which served as a joint stability coordinators. It has been linked to the principles of the International Capital Market Association (ICMA), along with bonds of green, social, and stability as well as the Loan Market Association and the leading international standards, including the leading letters of the Blue Bonds globally.
To ensure transparency and credibility, the framework got the global leader in the ESG rating, the independent of the independent second -party free opinion (SPO). Sustainable Fitch described Pakistan’s framework as “excellent”, which highlighted its strong alignment with the best ways globally. The SPO is available to the public on the Ministry of Finance website.
This framework will be applied to all sustainable financial equipment issued by the Government of Pakistan, including bonds and international scoops, and market standards and from time to time to reflect Pakistan’s environmental, social, and governance (ESG).
Officials say the move is expected to improve Pakistan’s access to international sustainable finance, attract new investment, and accelerate the country’s efforts to build a green, more sustainable future.