Says investment will strengthen Pakistan’s green transition
Celina Ali
Islamabad: British High Commissioner to Pakistan Jane Marriott this week welcomed the signing of a $50 million climate finance facility between British International Investment (BII) and Bank Alfalah, describing the agreement as a significant milestone in UK-Pakistan cooperation to combat climate change while accelerating sustainable economic growth.
Speaking after the agreement was signed during London Climate Action Week at BII’s headquarters, Marriott said the partnership reflects the United Kingdom’s continued commitment to supporting Pakistan’s transition towards a greener, more climate-resilient economy through sustainable investment and long-term financial cooperation.
The $50 million senior term loan facility was signed by Bank Alfalah President and Chief Executive Officer Atif Bajwa and BII Chief Executive Officer Leslie Maasdorp in the presence of the British high commissioner.
Highlighting the importance of the initiative, Marriott said Pakistan is among the countries most vulnerable to the impacts of climate change, making investments in climate resilience and environmental sustainability increasingly critical. At the same time, she noted that the country possesses considerable potential to attract green investment capable of driving economic growth while strengthening resilience against climate-related challenges.
The British envoy said the financing agreement serves as a strong example of how the United Kingdom and Pakistan can work together to address the global climate crisis through practical partnerships that mobilise private capital for sustainable development.
Under the agreement, Bank Alfalah will utilise the facility to expand financing for eligible climate-focused projects across Pakistan, enabling businesses to invest in cleaner technologies, low-carbon solutions and environmentally sustainable infrastructure. The funding is expected to support initiatives including climate-smart agriculture, efficient water irrigation systems and other projects aimed at reducing emissions, improving resource efficiency and strengthening climate resilience.
Marriott said such partnerships underscore the growing collaboration between the UK and Pakistan in advancing climate action, promoting green finance and encouraging investment that delivers both environmental and economic benefits, while supporting Pakistan’s broader sustainable development objectives.
