Sustainable Growth in Action: Karandaaz Pakistan’s Green Finance Drive
Islamabad, March 21, 2025 – Karandaaz Pakistan is taking bold steps toward green financing to drive sustainable economic growth. With support from the UK’s Foreign, Commonwealth & Development Office (FCDO) and the Gates Foundation, it is mobilizing funds for clean energy, sustainable agriculture, and eco-friendly infrastructure.
Expanding Clean Energy & Green Investments
Karandaaz is implementing a two-tiered approach to support sustainability.
- Scaling Clean Energy Solutions – The organization has helped generate 20MW of renewable energy for SMEs, textiles, and households. It has also financed 1,927 energy-efficient power transformers, benefiting DISCOs (GEPCO, MEPCO, and PESCO) and saving 7,742MWh of electricity annually.
- GreenFin Innovations Program – Launched in 2021, this initiative funds innovative solutions in water conservation, plastic waste management, and air pollution control. So far, Rs300 million has been allocated to 11 climate-focused projects.
Also Read : ECC Approves Phased Transfer of SBP’s Rs330bn LTFF to Exim Bank
Pakistan’s First Private-Sector Green Bond
Through Parwaaz Financial Services Limited, Karandaaz has introduced Pakistan’s first private-sector Green Bond. This initiative attracts investment in renewable energy, sustainable agriculture, and green transportation. It follows the International Capital Market Association’s (ICMA) Green Bond Principles and SECP guidelines. The Pakistan Environment Trust has validated its framework.
Paving the Way for a Greener Future
Beyond financing, Karandaaz is investing in climate research. Studies on renewable energy, climate-smart housing, and carbon credit trading are shaping Pakistan’s sustainability policies.
Karandaaz’s commitment to green financing ensures that economic progress goes hand in hand with environmental sustainability.
For more details, visit Karandaaz Pakistan. Interested in green financing? Apply at gfi.karandaaz.com.pk.
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