SRVI Charts Ambitious Global Expansion and Production Boost as It Strengthens Retail and Export Strategy
Service Industries Limited outlines plans for global expansion, retail diversification, production growth, and renewable energy adoption as it prepares for FY26.
Climate Change and Population Growth Major Obstacles to $3 Trillion Economy, Says Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb has identified climate change and population growth as the two biggest obstacles to Pakistan’s $3 trillion economy target. Speaking on Geo News, he warned of economic damage from recent floods and rising poverty, while Miftah Ismail emphasized the need for reforms and renewable energy adoption to achieve sustainable growth.
BOP leads PKR 1.5 billion syndicated finance deal for 7.5 MW wind power project
The Bank of Punjab leads a PKR 1.5 billion syndicated financing deal for Burj Clean Energy Modaraba to develop a 7.5 MW wind power project for Power Cement, setting a benchmark for renewable energy financing in Pakistan.
ADB and World Bank Launch $10 Billion ASEAN Power Grid Financing Initiative
The Asian Development Bank and the World Bank have launched the ASEAN Power Grid Financing Initiative with a $10 billion commitment to boost cross-border energy integration and clean energy projects across Southeast Asia.
ADB Embraces Nuclear Energy for the First Time in 60 Years to Accelerate Clean Power Transition
The Asian Development Bank has signaled a historic policy shift by opening its doors to nuclear energy for the first time in six decades, aiming to support member countries in their transition from fossil fuels to cleaner power sources.
SBP Unveils Zero-Markup Financing Scheme for Electric Bikes and Rickshaws to Drive Green Mobility
The State Bank of Pakistan (SBP) has introduced a new zero-markup financing scheme to promote electric bikes and rickshaws nationwide, aiming to reduce fuel dependency and accelerate Pakistan’s shift toward eco-friendly transportation. The initiative targets over 116,000 e-bikes and 3,000 e-rickshaws in 2025–26, with inclusive financing terms and full markup subsidy by the federal government.
Sustainable Fitch Awards Pakistan’s Financing Framework “Excellent” Alignment Score
Sustainable Fitch has rated Pakistan’s sustainable financing framework “Excellent,” affirming full alignment with international standards on green, social, and sustainability bonds and loans.