InfraZamin Pakistan Limited, in partnership with Infralectric, a Brillanz Group company, DIB Pakistan Limited, Bank Alfalah Limited, and Meezan Bank Limited, announced the signing of Pakistan’s first-ever PKR 3 Billion, ‘AAA’ Rated, Green Sukuk for the telecom sector, marking a major milestone in sustainable infrastructure financing and climate-aligned capital markets development. Under the transaction, InfraZamin Pakistan is providing a 100% principal guarantee for the PKR 3 billion Green Sukuk issued by Infralectric Private Limited with DIB Pakistan Limited, as the Lead Arranger of the Green Sukuk transaction demonstrating how ethical capital markets can lead the transition toward scalable, climate-aligned infrastructure financing.

The proceeds will finance one of Pakistan’s largest commercial deployments of lithium-ion Battery Energy Storage Systems (BESS) and solarization solutions for telecom tower infrastructure across the country. The transaction witnessed oversubscription by investors and initial disbursement is planned after completion of all formalities.

Commenting on the occasion, Maheen Rahman, Chief Executive Officer of InfraZamin Pakistan, said, “This landmark transaction demonstrates how innovative credit enhancement can unlock capital markets for transformative green infrastructure. By guaranteeing Pakistan’s first Green Sukuk for the telecom sector, InfraZamin is proud to catalyze sustainable private investment into climate-resilient infrastructure while deepening Pakistan’s debt capital markets. We are delighted to partner with Infralectric and Dubai Islamic Bank on this pioneering transaction.”

Bilal Qureshi, Group CEO, Brillianz Group, stated, “This landmark transaction sets a new benchmark for business model innovation, demonstrating how private capital can accelerate energy transition, reduce diesel reliance and forex pressure, and build a more resilient, AI-enabled telecom network for Pakistan.”

Muhammad Ali Gulfaraz, Chief Executive Officer of Dubai Islamic Bank Pakistan Limited, highlighted, “This agreement represents a defining moment in the Bank’s commitment to the country’s green transition. By structuring this PKR 3,000 million Green Sukuk, DIB Pakistan is demonstrating how Islamic capital markets can effectively bridge the gap between critical infrastructure needs and climate-conscious investment. The solarization of Pakistan’s telecom backbone will significantly lower dependence on conventional energy while reinforcing the resilience of the digital economy, proving that ethical finance serves as a powerful catalyst for large-scale environmental impact.”

Atif Bajwa, President and Chief Executive Officer of Bank Alfalah Limited, stated, “Bank Alfalah is pleased to contribute to this landmark Green Sukuk, representing a significant advancement in green finance and sustainable infrastructure development in Pakistan. This transaction underscores Bank Alfalah’s continued commitment to developing climate-aligned capital markets and facilitating the mobilization of private sector investment into environmentally responsible projects. The initiative is expected to play a meaningful role in promoting cleaner energy solutions within the telecom sector, while strengthening the resilience and sustainability of critical infrastructure across the country. I would like to extend my sincere appreciation to Infralectric, InfraZamin, and all partners involved for their collaboration and efforts in successfully delivering this transaction.”

Syed Tanveer Hussain, Chief Operating Officer, Wholesale Banking, Meezan Bank added: “Meezan Bank’s participation in this landmark syndicated Green Sukuk transaction, reflects our continued commitment towards advancing the role of Islamic finance in supporting sustainable and infrastructure-led development in Pakistan. This initiative, focused on green energy solutions for telecom infrastructure, represents a meaningful step towards reducing carbon emissions while enhancing operational efficiency within a critical sector of the economy. The inclusion of Infrazamin’s financial guarantee further strengthens the structure by enhancing investor confidence and facilitating broader market participation. Such transactions will deepen Pakistan’s Islamic capital market while supporting a more sustainable and resilient economy.”

Pakistan’s telecom sector, serving nearly 190 million mobile subscribers, is among the country’s most energy-intensive and operationally critical industries, with over 50,000 tower sites nationwide, many operating on weak-grid or off-grid power. This has historically resulted in heavy reliance on diesel generators, elevated operating costs, and significant carbon emissions. Through this transaction, Infralectric will deploy advanced battery storage, solar PV, Artificial-Intelligence enabled optimization, and remote monitoring solutions across approximately 1,955 telecom tower sites, significantly reducing diesel dependence, improving network reliability, lowering operational costs, and cutting emissions. Carbon emission reduction and fuel import bill reduction are among the key expected outcomes of the project.

In addition to InfraZamin Pakistan as Guarantor, Infralectric Private Limited as Issuer, and DIB Pakistan Limited, as Lead Arranger, the transaction has been supported by Bank Alfalah Limited as Joint Lead Arranger, Meezan Bank Limited as LC (Import) Bank, BankIslami Pakistan Limited as Investment Agent, DIB PF, DIB GF, Alfalah Asset Management Limited and NBP Fund Management Limited as investors, Ahmed & Qazi as Investor’s Legal Counsel, HP | FKM as Issuer’s Legal Counsel, Al Hilal as Shariah Advisor, Pakistan Environment Trust (PET) as Green Bond Consultant, and Pakistan Credit Rating Agency (PACRA) as Rating Agency.

The transaction is expected to support hundreds of direct and indirect jobs through installation, maintenance, local manufacturing, remote monitoring, and technical field operations. By replacing diesel generators with clean distributed energy solutions, the initiative advances environmental sustainability while strengthening the resilience of Pakistan’s telecom infrastructure. The transaction contributes to Pakistan’s progress toward Sustainable Development Goals relating to Affordable and Clean Energy, Industry Innovation and Infrastructure, Climate Action, and Partnerships for the Goals.

This milestone reflects InfraZamin Pakistan’s continued commitment to enabling innovative financing solutions that mobilize private capital into sustainable, climate-aligned, and development-focused infrastructure projects across Pakistan.

Mobilink Bank is setting a new benchmark for sustainable banking in Pakistan, rapidly advancing its ESG-led transformation to become the country’s most forward-looking, responsible, and future-ready financial institution. With more than one-third of its nationwide branch network now powered by renewable energy, the Bank is decisively leading the shift toward low-carbon, inclusive finance at scale.

During a recent visit to Mobilink Bank, Kaan Terzioglu, Chief Executive Officer and Board Member of VEON Group, reviewed the Bank’s digital-first operating model, customer-centric innovations, and sustainability initiatives. He engaged with customers and observed firsthand how Mobilink Bank is delivering secure, accessible, and future-ready financial services at scale.

Kaan Terzioglu, Chief Executive Officer of VEON, said, “Mobilink Bank’s progress in embedding sustainability into its operations is both timely and impactful. The scale at which the Bank is advancing green financing, alongside expanding digital financial access, highlights its commitment to responsible growth. This is a strong example of how financial institutions can support initiatives that are both good for the environment and drive both economic growth in emerging markets.”

Commenting on the Bank’s direction, Haaris Mahmood Chaudhary, President and CEO Mobilink Bank, said: “Sustainability is not a parallel agenda for Mobilink Bank; rather, it is the engine of our growth. We are building Pakistan’s leading bank for small businesses through a model that is digital-first, ESG-driven, and built for long-term impact. From green financing to renewable-powered operations, we are embedding responsibility into every layer of our business.”

Mobilink Bank’s ESG-led strategy spans green financing, responsible operations, and inclusive growth. The Bank has deployed PKR 2.9 billion in green financing to accelerate the adoption of clean energy and green mobility solutions, including solar systems and e-bike financing for underserved segments. At the same time, its transition to renewable energy across 35% of its branch network underscores a decisive shift toward low-carbon operations.

To further institutionalize its sustainability agenda, the Bank is building a data-driven decarbonization framework through an automated ESG platform, with baseline emissions measured at 4,489 metric tons of CO₂, laying the foundation for transparent tracking and long-term reduction targets.

Beyond environmental impact, Mobilink Bank continues to lead on social inclusion. The Bank has enabled over 31,000 women through targeted financial inclusion programs in 2025 and is supporting a PKR 50.30 billion gross loan portfolio to expand equitable access to finance for small businesses. Its commitment to community development is reflected in initiatives such as the solarization of a Digital Arts Lab at Khatoon-e-Pakistan Government Girls School, in partnership with Zindagi Trust, benefiting 310 students, and a clean water initiative improving access for over 1,000 students.

As sustainability becomes a defining pillar of modern banking, Mobilink Bank’s integrated ESG approach positions it as a catalyst for systemic change, driving economic empowerment, environmental responsibility, and digital innovation to build a more inclusive and future-ready Pakistan.

The second Asia Energy Transition Summit, jointly organised by the LUMS Energy Institute (LEI), the Alliance for Climate Justice and Clean Energy (ACJCE) and the Pakistan Renewable Energy Coalition (PREC), concluded at LUMS on December 7. The two-day event brought together federal ministers, parliamentarians, civil servants, climate and energy experts and practitioners, academics and activists from across South Asia and Southeast Asia. The summit reaffirmed Asia’s growing political, financial and technological role in shaping regional and global trends towards a clean and just energy transition. It also emphasised the need for stronger regional cooperation and collaboration within Asia to expedite and smoothen this transition.

The Summit featured plenary sessions, keynote addresses and thematic discussions focused on advancing a just, people-centred, and affordable energy transition across Asia. Its key themes included new and sustainable pathways for financing energy transition and climatic adaptation and mitigation, tariff and non-tariff barriers to renewable-energy trade, distributed and utility-scale renewable deployment, flexible and climate-resilient grids, governance reforms and the risks posed by inequitable or technologically misdirected ‘false solutions’.

Delivering his keynote address during the summit, Prof. Ahsan Iqbal, Federal Minister for Planning, Development and Special Initiatives, highlighted the central role of energy transition in Pakistan’s future development. “Clean, reliable and affordable energy is essential for our economic revival,” he said. “By bringing together regional experts, Asia Energy Transition Summit has also helped Pakistan determine its role and contribution in shaping an Asia-wide fair, future-oriented energy agenda.”

Speaking at the closing plenary, Dr. Musadik Malik, Federal Minister for Climate Change and Environmental Coordination, highlighted the financing challenges that developing economies face, particularly in the energy and climate sectors. “The energy transition must ease the already heavy financial burdens on the developing states, not create new ones,” he noted. He also emphasised that as storage costs fall, batteries can address renewable variability and make energy transition smooth.

Nafeesa Shah, Co-Convener, Parliamentary Forum on Energy & Economy, said, “Parliamentarians and policymakers are the missing link in the energy transition and climate diplomacy discourse. It is essential that we promote global and Asia level collaborations for an effective and just energy transition.”

Addressing a townhall session on Pakistan’s power sector, Sardar Awais Ahmed Leghari, Federal Minister for Energy (Power Division), emphasised the urgent need to modernise the national grid to ensure a smooth and speedy energy transition. “Pakistan must build a flexible and a renewables-driven power system,” he said. “The insights shared during the Asia Energy Transition Summit will certainly guide power sector reforms within Pakistan and help it expand its solar and wind resources for power generation while also ensuring their equitable and affordable access to the citizens.”

Reflecting on the summit’s outcomes, Dr. Fiaz Ahmed Chaudhry, Chairman National Grid Company of Pakistan and Senior Advisor at LEI, highlighted Asia’s shared responsibility for energy transition and climate finance. “The summit brought together individuals and institutions who recognise sustainability, affordability and technical credibility as foundations for Asia’s energy future,” he stated. “I hope the discussions among them will generate partnerships that help countries in the region pursue technologically practical, environmentally appropriate, financially viable and socially just transition pathways.”

Concluding the Summit, Dr. Tariq Jadoon, Provost of LUMS, reaffirmed the University’s commitment to advancing research-driven, evidence-based energy policy, while Dr. Fiaz Chaudhry noted that the discussions will inform practical and financially viable pathways for countries aligning development agendas with climate and energy imperatives.

The Asia Energy Transition Summit 2025 concluded with renewed commitments from government, private sector stakeholders and international partners to work collaboratively toward a resilient, sustainable and equitable energy future, highlighting Asia’s critical role in driving the global energy transition.

The Asian Productivity Organization’s international conference on Green Productivity 2.0 (GP 2.0), jointly organised by the LUMS Energy Institute (LEI), the National Productivity Organisation Pakistan (NPO), Federal Ministry of Industries & Production, concluded successfully at the Lahore University of Management Sciences (LUMS). The two-day event brought together senior government officials, industry leaders, international experts, academics, and development practitioners from 21 Asian Productivity Organization (APO) member economies, with more than 80 foreign delegates participating, marking one of Pakistan’s most prominent international forums on sustainable industrial transformation.

The conference featured high-level plenaries, expert keynotes, and sector-focused discussions aligned with the advanced GP 2.0 framework. Sessions addressed a wide range of themes, including sustainable architecture and industrial growth, energy efficiency, circular-economy innovation, energy transition, digital productivity tools, green hydrogen applications, green initiatives in the power and oil and gas sectors, efficient thin-film photovoltaics, circular plastics solutions, and collaborations across government, academia, and industry. Presentations from experts representing Italy, Japan, Thailand, China, Malaysia, Sri Lanka, Türkiye, Vietnam, Pakistan and other APO economies showcased cutting-edge research and applied solutions shaping the future of green productivity across the region.

Federal Minister for Planning, Development & Special Initiatives, Mr. Ahsan Iqbal Chaudhary, emphasised, “Green productivity is not just an environmental choice; it is an economic necessity for countries like Pakistan.” He stated that by 2035, Pakistan aims to achieve over 6% productivity-driven GDP growth, $100 billion in exports, a 30% reduction in emissions intensity, universal climate-resilient infrastructure, 60% clean energy, 2 million green and high-tech jobs, and full integration into Asian green supply chains.

Dr. Musadiq Malik, Minister for Climate Change and Environmental Coordination, highlighted the alignment between climate policy and productivity-led growth. He noted, “Pakistan’s energy future depends on cleaner, smarter, and more efficient systems. Green productivity provides the pathway to strengthen energy security and national resilience.” He also said that Pakistan’s 17% voluntary NDC commitment reflects our responsibility to safeguard the future of our children. “The global shift from multilateralism toward bilateral arrangements has led to a steady decline in multilateral climate financing. This contraction poses significant challenges for countries like Pakistan striving to build a fast-growing green economy,” he added.

Representing parliamentary leadership, Ms. Shaista Pervaiz Malik, MNA and Convener of the Parliamentary Taskforce on SDGs, underscored the SDG-aligned development priorities and stated, “Green productivity ensures that economic growth advances alongside environmental responsibility and social well-being. This balance is essential for a sustainable Pakistan.”

The APO Secretariat’s perspective was presented by Mr. Zainuri Juri, who commended Pakistan’s leadership on the GP agenda, noting, “Pakistan, a steadfast partner of the APO, has demonstrated a strong commitment to advancing Green Productivity, which is exemplary across the member economies.”

Reflecting on the conference outcomes, Dr. Fiaz Chaudhry, Senior Advisor LUMS Energy Institute, and Mr. Alamgir Chaudhry, CEO NPO, highlighted the importance of collaboration in accelerating sustainable transformation. Dr. Fiaz stated, “This conference has shown the power of partnership between government, academia, and industry in shaping Pakistan’s sustainable industrial future.” Dr. Tariq Jadoon, Provost LUMS, appreciated the active participation from international and national delegates, adding, “The insights shared over these two days will meaningfully support Pakistan’s transition toward cleaner, more competitive, and productivity-driven industrial growth.”

The international conference on Green Productivity 2.0 concluded with a strengthened regional commitment to advance sustainable industrial development, deepen cross-sector collaborations, and support Pakistan’s transition toward a low-carbon, innovation-driven, and globally competitive industrial economy.

October 31, 2025: LUMS and Habib Bank Limited (HBL) have signed an MoU to collaborate on developing commercial financing schemes for LUMS’ upcoming project, ‘Pakistan – Battery Swapping Network’.

The initiative aims to accelerate the adoption of electric three-wheelers in Pakistan by introducing flexible and accessible financing options. Through this collaboration, both institutions seek to drive the transition toward cleaner, emission-free transport solutions and contribute to improving air quality across urban centres.

Beyond reducing emissions, the project aligns with Pakistan’s climate change mitigation commitments under the Paris Climate Agreement and the country’s Nationally Determined Contributions (NDCs).

The signing ceremony was held at LUMS and was attended by senior representatives from both organisations, including Omer Mallick, Product Head SME, HBL, and Dr. Tariq Mahmood Jadoon, Provost, LUMS, along with team members from the LUMS Energy Institute (LEI) and HBL’s SME division.

Speaking on the occasion, Dr. Naveed Arshad, Director, LEI emphasised the project’s role in catalysing private sector investment in electric vehicle (EV) charging infrastructure. He noted, “This project has the potential to demonstrate the strong techno-economic viability of electric three-wheelers compared to their internal combustion engine-based counterparts, serving as a catalyst for the transformation of Pakistan’s road transportation sector towards EVs.”

Dr. Tariq Mahmood Jadoon highlighted the university’s continued leadership in EV research and innovation, stating, “LUMS has established the eMobility Research and Development Centre—the first-of-its-kind facility in Pakistan for testing and characterisation of EV batteries, motors, and other components. The centre provides critical support to the emerging EV industry and will play a key role in advancing our upcoming project, Pakistan – Battery Swapping Network.”

Expressing HBL’s commitment to enabling sustainable finance and innovation, Omer Mallick, Product Head SME at HBL, shared, “We are delighted to partner with LUMS on this pioneering initiative. Through the Mitigation Action Facility’s support for a first-loss guarantee, HBL will be able to offer subsidised and convenient financing options to private sector players and SMEs, facilitating the rollout of EV charging infrastructure across Pakistan.”

This collaboration represents a significant step toward developing Pakistan’s electric mobility ecosystem by bridging the gap between research, innovation, and accessible financing.

In a major step towards addressing Pakistan’s water scarcity, PTCL Group and the Pakistan Poverty Alleviation Fund (PPAF) have signed an agreement to expand their award-winning water project to phase two, which is set to benefit around 200,000 people across Southern Punjab and Thar.
Last year, the PTCL Group installed water pumps in Thar in collaboration with the Shifa Foundation, transforming the daily lives of around 15,000 people. The initiative was recognised at the Dragons of Pakistan Awards with the “Best in Digital” award. Building on the momentum, this time, the project goes beyond water pumps, adding reverse osmosis plants and rainwater harvesting solutions, a step towards lasting, sustainable relief for water-stressed communities.
Speaking on the occasion, Syed Atif Raza, Group Chief Commercial Officer, PTCL & Ufone 4G, said:
“With PPAF, we are taking a significant step forward in addressing one of Pakistan’s most urgent challenges. Access to clean water is a basic human need, and with this collaboration with PPAF, PTCL Group is committed to fulfilling this need of the underserved communities with sustainable water solutions.”
PPAF, CEO, Nadir Gul Barech, emphasised the significance of collaboration by stating, “Water is not just a resource; it is life, health, and opportunity. By joining hands with PTCL Group, we are demonstrating that when institutions unite with a purpose, they can move mountains, or, in this case, bring water to even the most arid desert communities. Together, we are not just meeting a basic need; we are reshaping futures by giving people the opportunity to think beyond essentials for a more prosperous tomorrow.”
For PTCL Group, true progress comes from the heart – Dil Se. This partnership between PTCL Group and PPAF is an example of how institutions, when united by purpose, can drive lasting change to build stronger communities and safeguard their future.

Karachi, Pakistan – 21st July 2025 – InfraZamin Pakistan, Sunridge Foods (Pvt.) Limited, and BankIslami marked a landmark moment at the Pakistan Stock Exchange (PSX) with a ceremonial gong strike to launch Pakistan’s first fully subscribed PKR 2 billion Agri-Infrastructure Sukuk.

This Shariah-compliant Sukuk, is backed by a 100% principal credit guarantee from InfraZamin Pakistan and carries a long-term AAA rating, and fully subscribed by institutional investors. This represents a pioneering step towards sustainable financing via capital markets in the country’s agricultural sector.

The Sukuk issuance, led by BankIslami Pakistan Limited as the Mandated Lead Arranger and credit-enhanced by InfraZamin, has been assigned a AAA rating by VIS Credit Rating Company. The involvement of AKD Securities as Financial Advisor, Al-Hilal Shariah Advisors as Shariah Compliance Experts, and Pak Brunei Investment Company Limited as Investment Agent and Trustee ensures robust governance and protection of the interests of Sukuk holders under a Shariah-compliant framework.

The funds raised through the Sukuk will be utilized to advance Sunridge Foods’ Balancing, Modernization, and Replacement (BMR) projects, focused on upgrading production facilities with sustainable and energy-efficient technologies. Key components of the BMR include the installation of 1 MW wind turbines and a 0.5 MW solar power plant to bolster Sunridge’s renewable energy efforts, alongside the construction of new silos and warehouses to substantially expand agricultural produce storage capacity. Additionally, the proceeds will provide working capital support for Sunridge’s critical wheat and rice processing plants in Karachi and Lahore, facilitating increased production of essential staple food items.

Gracing the occasion as Chief Guest, Lance Domm, the Deputy British High Commissioner, lauded the initiative as a significant step towards climate-resilient and sustainable economic growth through capital market innovation. He stated “This Sukuk represents a significant step in expanding access to climate-friendly, Shariah-compliant finance in Pakistan’s agri-infrastructure sector. It reflects growing confidence in the country’s capital markets and the role of partnerships in mobilising private investment for development. The UK, through its support to InfraZamin and other financial institutions, remains committed to strengthening Pakistan’s financial ecosystem.”

Maheen Rahman, CEO of InfraZamin Pakistan, highlighted the strategic importance of the transaction, saying, “This ceremony reflects our commitment to facilitating sustainable financing solutions that empower Pakistan’s agriculture sector. By providing a principal credit guarantee, InfraZamin strengthens investor confidence and unlocks capital market access.”

Amir Shahzad, Chairman and Executive Director of Sunridge Foods, emphasized the operational and environmental benefits, stating, “At Sunridge Foods, we are proud to be part of this landmark issuance that channels Islamic finance towards strengthening Pakistan’s agri-infrastructure. This Sukuk enables us to modernize our production capabilities, invest in renewable energy, and significantly expand our storage and processing capacity for essential food staples. It is a testament to how purpose-driven partnerships can unlock sustainable growth in critical sectors like food and agriculture.”

Rizwan Ata, President & Chief Executive Officer of BankIslami, also commented, “We are pleased to play our role in the launch of Pakistan’s first Agri-Infrastructure Sukuk, marking a significant step forward in sustainable financing for the country. This transaction highlights the growing recognition of Shariah-compliant finance as a core tool for driving economic growth while supporting sustainable development.  BankIslami remains committed to providing innovative solutions that contribute to Pakistan’s long-term prosperity”.

The Chairperson of PSX, Dr Shamshad Akhtar, emphasized that Pakistan’s intersecting crises of climate vulnerability and food insecurity demand bold, homegrown solutions. She commended the launch of the Sunridge Agri-Infrastructure Sukuk as a defining example of how private sector leadership and financial innovation—especially within Islamic finance—can mobilize capital toward climate resilience and agricultural development. Initiatives like this, she noted, are not only responses to urgent challenges, but powerful catalysts for inclusive growth, food system transformation, and a sustainable future built on values, ingenuity, and collaboration.

The CEO of Pakistan Stock Exchange, Farrukh Subzwari reaffirmed PSX’s commitment to transforming the capital market into a platform for purposeful solutions—especially in addressing climate risk, food insecurity, and the structural gaps facing Pakistan’s economy. He highlighted that while initiatives like the Sunridge Agri-Infrastructure Sukuk mark a promising start, the journey ahead demands far deeper collaboration. Banks, fund managers, corporates, regulators like SECP, and institutional investors must work together to build the ecosystem for sustainable finance. He emphasized that PSX will continue to serve not just as a marketplace, but as a catalyst for innovation, inclusion, and resilience—where ideas translate into impact and capital is mobilized for national priorities.

This landmark event at PSX underscores the collective vision of all stakeholders to foster innovative, Shariah-compliant financing avenues that drive Pakistan’s sustainable infrastructure and agricultural development.

Bank, we look forward to supporting causes that require attention. The banking sector also invests in innovative solutions for green financing to help accelerate the transition toward sustainability.”
The Karachi Emissions Inventory provides a crucial starting point for policymakers, urban planners, and civil society to collaborate on transformative solutions.
As part of its broader commitment to a sustainable future, Bank Alfalah has pledged USD 10 million under the leadership of its Chairman, Sheikh Nahayan Mabarak Al Nahayan and Board to support climate resilience and environmental wellbeing. Advancing this commitment, the Bank also launched the #GreenWayForward initiative in collaboration with
WWF-Pakistan, through which 35,000 mangroves will be planted along the coastline of Pakistan in 2023 and 2024. This effort contributes to Bank Alfalah’s long-term pledge of planting 100,000 trees by 2030 in partnership with WWF-Pakistan, reinforcing its dedication to environmental stewardship.
The Bank’s green financing portfolio now stands at PKR 26.6 billion, reflecting its dedication to cleaner technologies and sustainable practices. Currently, 155 Bank Alfalah ATMs are powered by solar panels, resulting in the offset of 193 tonnes of carbon dioxide equivalent in 2024. Furthering its clean energy efforts, the Bank has also converted its Sheikh Bhirko branch to a 30 kW solar hybrid system, a first-of-its-kind green branch which will reduce carbon emissions.
The Bank has also made advances in waste management, recycling, and efficient water consumption by partnering with International Finance Corporation (IFC) as an advisor to guide its green banking journey.