Green finance gains momentum in Pakistan amid escalating climate crisis

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ISLAMABAD: Since Pakistan faces a dual risk of extreme heatwaves and destructive otte Storms-its deteriorating climate weakness focus-people and regulators at a high-level seminar in Islamabad-Climate-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health-related health care,

The seminar, which is titled, “was organized by green financing through debt -based culture markets,” Individuals Pakistan, Securities and Exchange Commission of Pakistan (SECP), private infrastructure development group (PIDG), and UK International Development (UKID). It united the main stakeholders of regulatory bodies, investment firms and international development agencies to find solutions from Pakistan’s growing environmental and health challenges.

“In a country that ranks 164th on human development index and is lagging behind in health, gender and climate indicators, we have to turn inside to find solutions to financing,” said Mahin Rehman, CEO of Pakistan. “Donor aid is drying up. Now is the time to activate local capital to fund the elastic, health -related infrastructure.”

Rehman emphasized that a strong green finance framework will not only attract private sector investment and will also strengthen banking and capital markets, but also solve the benefits of health by solving issues such as air pollution, water quality, and climate -affected displacement.

The program included prominent speakers, including Akif Saeed, Chairman SECP. Development Director in Maya, British High Commission Islamabad; Bo Hawk Kho, Chairman, Information Pakistan. Flip Skinner, the beginning of the beginning for nature in Pidg; And Waqasul Hassan, CEO of Corrandaz Pakistan.

Their discussions focus on taking advantage of modern financial equipment, such as the green bonds and credit guarantees, to attract private capital to sustainable infrastructure.

“Green financing through local markets is a change step for Pakistan through local markets,” he added, adding that the supply of credit guarantees for the bond for the release of the bond is very important to promote investors’ confidence and enhance climate -connected projects.

SECP Chairman Akif Saeed reaffirmed the regulator’s commitment to support financial innovation and transparency. “We encourage the private sector to adopt global diarrhea standards like S1 and S2, and we recognize the role of credit and mixing finances in enhancing investors’ participation,” he said.

The British High Commission, which emphasized on global change towards sustainable finances, note that Pakistan can integrate global trends and tools and position itself as a leader in the region. “The UK is to promote a green, more flexible future in partnership with Pakistan,” he added.

Farrukh Sabzwari, CEO of the Pakistan Stock Exchange, pointed out that the global label labeled in 2023-24 reached 1.1 trillion, reflecting the increasing investors’ preference for ESG -connected investment. He remarked, “Sustainable framework is no longer optional – they are necessary.”

Highlighting the practical examples, Philip Skinner explained how PIDG helped to mobilize private capital for Africa’s first Green Bond – Aquarn – which provided financial support for the accommodation of safe and environmentally stable students in Nairobi.

Participants agreed that scaling domestic green finance is important not only for economic flexibility but also for the construction of a healthy, safe urban and rural environment.

The program ended with collective determination to embed the stability in the financial systems and use capital markets as a catalist for both environmental protection and better health.