Climate Finance in Pakistan received a boost after Bank Alfalah and British International Investment (BII) signed a $50 million senior term loan facility to support climate-related projects across the country.
The agreement aims to expand investment in climate adaptation, mitigation and resilience at a time when Pakistan continues to face increasing risks from floods, extreme weather and other climate-related challenges.
Bank Alfalah will use the financing to fund eligible climate projects that promote a more sustainable and climate-resilient economy.
The facility will help businesses invest in climate-smart agriculture, efficient water irrigation systems and other environmentally sustainable solutions.
In addition, the financing will support agribusinesses, which remain among the sectors most vulnerable to climate change despite their significant contribution to Pakistan’s economy.
Alongside the investment, British International Investment will provide technical assistance to help Bank Alfalah develop a stronger pipeline of climate-focused assets.
The support aims to enhance the bank’s capacity to identify and finance projects that address both climate mitigation and adaptation.
Bank Alfalah President and Chief Executive Officer Atif Bajwa said the agreement reflects the bank’s commitment to expanding climate finance in Pakistan.
He added that the partnership demonstrates international confidence in the bank’s governance, financial platform and ability to deliver capital to high-impact sectors.
British International Investment Chief Executive Officer Leslie Maasdorp said Pakistan remains on the frontline of climate change and requires greater access to climate finance.
He said the investment will help direct capital towards climate mitigation, adaptation and the agricultural sector while supporting BII’s strategy to increase climate-related investments.
British High Commissioner to Pakistan Jane Marriott said the partnership highlights how the United Kingdom and Pakistan can work together to address climate challenges.
She added that the initiative will help businesses and farmers invest in climate-smart solutions while supporting economic growth and strengthening community resilience.
The latest agreement also reinforces Bank Alfalah’s broader commitment to sustainable finance, including support for renewable energy, energy efficiency, climate adaptation and other environmentally focused investments.
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