Key Highlights:
Purpose of Funds: The proceeds will support the completion of three ongoing projects:
Initial Issuance Size: The first tranche of the Sukuk is expected to be approximately Rs30 billion.
Significance: This marks Pakistan’s inaugural sovereign green Sukuk issuance, following WAPDA’s earlier Rs6.4 billion Sukuk for the Tarbela Dam extension project in 2021.
The Express Tribune
Green Sukuk are Shariah-compliant bonds specifically designed to fund environmentally sustainable projects. This move reflects Pakistan’s commitment to addressing climate change and promoting green investment opportunities.
The issuance is anticipated to attract both domestic and international investors interested in sustainable development and Islamic finance.
