Pakistan has introduced its first-ever Green Sukuk bond, a major step toward promoting environmentally sustainable development. The announcement was made by Finance Minister Muhammad Aurangzeb in a video message to the Pakistan Stock Exchange (PSX), which recently closed at a record high—an indicator of growing investor trust.
The minister called the Green Sukuk a key part of the country’s efforts to tackle climate change, describing it as a serious and pressing challenge for Pakistan. He shared that recent meetings with investors in Washington and London reflected international appreciation for Pakistan’s improving economic outlook. This optimism, he said, stems from better inflation control, rising foreign exchange reserves, and other signs of macroeconomic stability.
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He also confirmed that preparations for the 2025-26 budget are in progress, with contributions from various sectors to build a balanced and future-focused financial plan.
Aurangzeb pointed to Malaysia’s experience in green finance as a model worth following. He said Pakistan is working to attract global climate funding, which could help reduce the country’s environmental vulnerability.
Speaking about future initiatives, the finance minister revealed that Pakistan intends to issue its first Panda Bond in China by mid-2025. The aim is to raise around $200 million, strengthening financial cooperation with Chinese markets.
In closing, he noted that a nationwide Thanksgiving Day is being observed, reflecting a growing sense of hope around Pakistan’s economic and environmental direction.