The federal government is set to issue green bonds worth Rs. 30 billion on the Pakistan Stock Exchange (PSX) to secure the first tranche under the Resilience and Sustainability Facility (RSF), sources in the Ministry of Finance told ProPakistani.
The move comes as part of a broader strategy developed in consultation with the International Monetary Fund (IMF) for the safe release of climate-related funds.
Proceeds from the green bonds will be directed toward climate change-related projects, and both the fundraising process and project execution will be monitored by the IMF itself. The issuance is expected to take place either this month or next, sources added.
Additionally, the government plans to float Panda bonds worth $300 million in the Chinese market by November or December of the next fiscal year. These issuances, along with local fundraising efforts, are key requirements for unlocking the RSF installment.
Originally, the bonds were scheduled to be issued within the current fiscal year, but the timeline has now been pushed forward.
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