{"id":102306,"date":"2025-05-20T17:08:26","date_gmt":"2025-05-20T12:08:26","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102306"},"modified":"2025-05-21T16:24:47","modified_gmt":"2025-05-21T11:24:47","slug":"green-sukuk-launched-to-boost-climate-financing","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/green-sukuk-launched-to-boost-climate-financing.html","title":{"rendered":"Pakistan launches PKR 30 bn Green Sukuk to boost climate financing"},"content":{"rendered":"\n

Islamabad: In a landmark move aimed at promoting sustainable development and diversifying the country\u2019s financing tools, Pakistan on Friday launched its first Sovereign Domestic Green Sukuk worth PKR 30 billion at the Pakistan Stock Exchange (PSX).<\/p>\n\n\n\n

The Islamic bond\u2014structured to support environmentally friendly projects\u2014will finance climate-resilient infrastructure, including the construction of three new dams, as part of the country\u2019s broader push toward green energy and sustainable growth.<\/p>\n\n\n\n

Read: Pak\u2019s 1st \u2018gender bond\u2019 in works to empower women-led micro-businesses<\/a><\/p>\n\n\n\n

Speaking via video link at the launch ceremony, Finance Minister Muhammad Aurangzeb said the issuance of the Green Sukuk reflects growing investor confidence in Pakistan\u2019s economy and capital markets. \u201cThis is a key step in our journey toward lower-cost, long-term borrowing,\u201d he said, adding that more innovative financing products for both local and international investors will be introduced in the near future.<\/p>\n\n\n\n

The three-year Sukuk is based on the Ijarah structure (lease-based Islamic financing) with a variable rental rate, and issued under the Sustainable Investment Sukuk Framework. Proceeds will be directed exclusively to eligible green energy and climate projects.<\/p>\n\n\n\n

Aurangzeb emphasized the government’s shift from short-term borrowing instruments like Treasury Bills to longer-tenor, cost-effective options such as Pakistan Investment Bonds (PIBs) and Sukuk, aligning with the global trend toward sustainable finance. With this issuance, Shariah-compliant debt now comprises 14% of Pakistan\u2019s PKR 37 trillion domestic debt.<\/p>\n\n\n\n

Read: FM unveils plan to tap Chinese capital markets with Panda Bonds<\/a><\/p>\n\n\n\n

Meezan Bank is the lead joint financial advisor for the issuance, alongside Dubai Islamic Bank, Bank Islami, and Alfalah Islamic. The Sukuk is open to a broad investor base, including institutional and retail investors, non-resident Pakistanis, Roshan Digital Account holders, and foreign investors.<\/p>\n\n\n\n

The launch coincided with Youm-e-Tashakur (Thanksgiving Day) and came on a high note, as the PSX reached an all-time high of 119,961.91 points. \u201cThe best is yet to come for both PSX and Pakistan,\u201d Aurangzeb said, citing strong interest from global investors during his recent visit to London.<\/p>\n\n\n\n

Looking ahead, he hinted at broader structural reforms and revealed plans for a Panda Bond\u2014a renminbi-denominated bond to be issued in the Chinese market by late 2025, marking Pakistan\u2019s entry into diversified international debt markets.<\/p>\n\n\n\n

Read: SBP enlist five highways for government Ijarah Sukuks bonds<\/a><\/p>\n\n\n\n

Advisor to the Finance Minister, Khurram Schehzad, also spoke at the event, noting encouraging macroeconomic trends. He reported a reduction in Pakistan\u2019s debt-to-GDP ratio from 74% to 65%, and an improvement in the tax-to-GDP ratio from 9.5% to 10.6%, with a target of 11% by FY26. However, Schehzad cautioned that climate change and rapid population growth remain two of Pakistan\u2019s most urgent economic challenges, making tools like the Green Sukuk essential for future stability and resilience.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: In a landmark move aimed at promoting sustainable development and diversifying the country\u2019s financing tools, Pakistan on Friday launched its first Sovereign Domestic Green Sukuk worth PKR 30 billion at the Pakistan Stock Exchange (PSX). The Islamic bond\u2014structured to support environmentally friendly projects\u2014will finance climate-resilient infrastructure, including the construction of three new dams, as part of the country\u2019s broader push toward green energy and sustainable growth. Read: Pak\u2019s 1st \u2018gender bond\u2019 in works to empower women-led micro-businesses Speaking via video link at the launch ceremony, Finance Minister Muhammad Aurangzeb said the issuance of the Green Sukuk reflects growing investor confidence in Pakistan\u2019s economy and capital markets. \u201cThis is a key step in our journey toward lower-cost, long-term borrowing,\u201d he said, adding that more innovative financing products for both local and international investors will be introduced in the near future. The three-year Sukuk is based on the Ijarah structure (lease-based Islamic financing) with a variable rental rate, and issued under the Sustainable Investment Sukuk Framework. Proceeds will be directed exclusively to eligible green energy and climate projects. Aurangzeb emphasized the government’s shift from short-term borrowing instruments like Treasury Bills to longer-tenor, cost-effective options such as Pakistan Investment Bonds (PIBs) and…<\/p>\n","protected":false},"author":18,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[62801,61723,64838,64836,64841,62797,47122,64835,5309,63747,34475,64834,61963,4563,55557,64839,64837,64842,61694,64840],"persona":[],"class_list":{"0":"post-102306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-capital-markets","9":"tag-climate-resilience","10":"tag-domestic-debt","11":"tag-green-energy-projects","12":"tag-green-finance","13":"tag-ijarah-sukuk","14":"tag-infrastructure-development","15":"tag-islamic-bonds","16":"tag-meezan-bank","17":"tag-muhammad-aurangzeb","18":"tag-pakistan-economy","19":"tag-pakistan-green-sukuk","20":"tag-panda-bonds","21":"tag-psx","22":"tag-renewable-energy-pakistan","23":"tag-roshan-digital","24":"tag-shariah-compliant-investment","25":"tag-sukuk-launch","26":"tag-sustainable-finance","27":"tag-sustainable-investment-framework","28":"cat-15016-id"},"acf":[],"yoast_head":"\nPakistan launches PKR 30 bn Green Sukuk to boost climate financing - 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