Federal Minister for Finance and Revenue Muhammad Aurangzeb has officially announced the launch of Pakistan’s first-ever Green Sukuk bond, aimed at financing environmentally sustainable projects.
In a video address to the Pakistan Stock Exchange (PSX), the finance minister congratulated the PSX team as the market closed at a record high, reflecting growing investor confidence. He emphasized that the Green Sukuk marks a crucial step in Pakistan’s commitment to combat climate change—one of the most serious threats facing the country.
Aurangzeb highlighted recent interactions with international investors in Washington and London, noting global satisfaction with Pakistan’s improving macroeconomic stability. He credited this to better inflation management, a rise in foreign exchange reserves, and other positive economic indicators.
He added that budget preparations for the fiscal year 2025-26 are underway, with input from multiple stakeholders to ensure a comprehensive and forward-looking financial plan.
The minister also stressed the importance of sustainable financing and suggested adopting Malaysia’s model for green economic growth. He confirmed that efforts are ongoing to secure international climate financing to help mitigate the environmental impact in Pakistan.
Celebrating the country’s progress, Aurangzeb noted that Thanksgiving Day is being observed nationwide with enthusiasm—symbolizing growing national optimism in both the economic and environmental domains.
Separately, Aurangzeb also reiterated that Pakistan plans to issue a Panda Bond—its first—in China’s capital markets by June 2025. In an interview with an international media outlet, he revealed that Pakistan aims to raise approximately $200 million through this bond, deepening its financial ties with Chinese investors.
This initiative is part of the government’s broader strategy to pivot Pakistan’s economy toward export-led growth, with a special focus on ensuring long-term sustainability in the balance of payments.
