Konnect by HBL, the digital banking arm of Habib Bank Limited, has entered into a strategic collaboration with InfraZamin Pakistan to advance sustainable finance and infrastructure development in the country. The partnership seeks to accelerate inclusive economic growth while creating financing opportunities in emerging sectors such as digital services and electric vehicles.
The Memorandum of Understanding (MoU) was signed between the two organizations in Karachi. Representing Konnect by HBL, Armughan Ahmed Kausar, Head of Konnect & Mass Segment, and Amir Masood, Chief Investment Officer at InfraZamin Pakistan, formalized the agreement. This marks a significant step in aligning Pakistan’s financial ecosystem with global sustainability trends.
Under the MoU, both entities will work together to design and structure innovative financing solutions tailored to infrastructure and green economy projects. A central aspect of the collaboration is the development of credit guarantee frameworks that will facilitate bond issuance and enhance bank financing. By reducing perceived risks for lenders and investors, the initiative aims to attract more capital into sustainable ventures.
The partnership also emphasizes capacity building within Pakistan’s financial sector. Konnect by HBL and InfraZamin intend to launch joint initiatives to strengthen market understanding of sustainable finance instruments and improve institutional readiness for new financing mechanisms. This approach aligns with broader national goals of boosting renewable energy adoption, promoting digital transformation, and expanding low-emission transportation options.
For Konnect by HBL, the move reflects the bank’s increasing focus on supporting innovative financial models and fostering inclusion through its digital banking services. With millions of users across Pakistan, Konnect has played a pivotal role in expanding access to financial services in underserved communities. By integrating sustainability-driven solutions into its operations, the platform aims to empower both individuals and businesses to participate in environmentally responsible economic activities.
InfraZamin Pakistan, on the other hand, brings its expertise in providing local currency credit guarantees for infrastructure projects. Backed by a mandate to encourage private sector participation, InfraZamin’s involvement ensures that financing structures are aligned with international best practices and risk management standards.
Industry observers highlight that collaborations such as this are crucial in helping Pakistan transition towards a greener and more resilient economy. With growing demand for digital services, electric mobility, and renewable infrastructure, innovative financing instruments are expected to play a central role in bridging investment gaps.
The Konnect by HBL and InfraZamin alliance is therefore more than a conventional financial partnership. It represents a forward-looking effort to embed sustainability into the country’s financial architecture, creating pathways for long-term growth while addressing pressing challenges such as climate change, urban mobility, and digital inclusion.