- July 7, 2026
- Posted by: Tresmark
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Bank Alfalah Limited and British International Investment (BII), the United Kingdom’s development finance institution and impact investor, have signed a $50 million senior term loan facility aimed at expanding climate finance and supporting sustainable economic growth in Pakistan.
The agreement was signed at BII’s headquarters during London Climate Action Week by Bank Alfalah President and Chief Executive Officer Atif Bajwa and BII Chief Executive Officer Leslie Maasdorp. The signing ceremony was witnessed by British High Commissioner to Pakistan Jane Marriott.
The financing facility comes at a time when Pakistan continues to face mounting climate-related challenges, including recurring floods, extreme weather events and increasing environmental risks. The partnership seeks to mobilise private sector capital to help bridge the country’s financing gap in climate adaptation, resilience and mitigation initiatives.
Under the agreement, Bank Alfalah will utilise the facility to expand financing for eligible climate-related projects across Pakistan, supporting investments that contribute to a more sustainable and climate-resilient economy. The funding will enable local businesses to adopt cleaner and more resilient solutions, including climate-smart agriculture and modern water irrigation systems.
The initiative will also provide direct support to agribusinesses, which remain among the sectors most vulnerable to climate change despite their significant contribution to Pakistan’s economy. The collaboration reflects the shared commitment of both institutions to advancing Pakistan’s sustainable development priorities.
In addition to the financing facility, BII will provide technical assistance to Bank Alfalah to help develop a pipeline of eligible climate assets. The support is intended to strengthen the bank’s capacity to originate and deploy financing for projects that address both climate change mitigation and adaptation.
Speaking on the occasion, Bank Alfalah President and CEO Atif Bajwa said the partnership reinforced the bank’s commitment to advancing climate finance in Pakistan and mobilising international capital towards sectors and businesses critical to the country’s sustainable and resilient growth.
He said the agreement also reflected the confidence of a leading global development finance institution in Bank Alfalah’s platform, governance standards and ability to deploy capital in high-impact investment opportunities.
BII Chief Executive Officer Leslie Maasdorp said Pakistan was on the frontline of climate change and that expanding access to climate finance was essential for strengthening long-term resilience and supporting sustainable economic growth.
He said BII’s investment would help channel much-needed capital towards climate mitigation and adaptation projects, as well as Pakistan’s agricultural sector, which remains a vital pillar of the national economy. He added that the investment also aligned with BII’s new five-year strategy, under which at least 40 per cent of its new investments will be directed towards climate-related opportunities.
British High Commissioner Jane Marriott said Pakistan faced significant climate vulnerabilities but also had substantial opportunities to attract investment that supports a greener and more resilient future.
She said the partnership between British International Investment and Bank Alfalah demonstrated how the United Kingdom and Pakistan could work together to address the climate crisis while promoting sustainable development.
Source: The International News Pakistan
