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Bank Alfalah has secured a $50 million facility from British International Investment to finance climate mitigation and adaptation projects across Pakistan.
Bank Alfalah has secured a $50 million senior term loan facility from British International Investment (BII) to expand climate finance in Pakistan, supporting projects focused on climate mitigation, adaptation and sustainable development.
The agreement was signed at BII’s headquarters in London during London Climate Action Week by Bank Alfalah President and CEO Atif Bajwa and BII CEO Leslie Maasdorp, in the presence of British High Commissioner to Pakistan Jane Marriott.
The financing will enable Bank Alfalah to increase lending for eligible climate-related projects across Pakistan, with a focus on investments that strengthen resilience to climate change while supporting sustainable economic growth. Planned areas of financing include climate-smart agriculture, water irrigation systems and other projects that contribute to environmental sustainability.
Pakistan remains one of the countries most vulnerable to climate change, facing recurring floods, extreme weather events and growing climate-related risks. The facility is intended to help mobilise private sector capital for climate adaptation and mitigation initiatives while addressing financing gaps in sectors critical to the country’s long-term resilience.
In addition to providing financing, BII will offer technical assistance to Bank Alfalah to help identify, develop and expand a pipeline of eligible climate assets. The support is expected to strengthen the bank’s capacity to originate and deploy financing for projects addressing both the causes and impacts of climate change.
The collaboration also places particular emphasis on Pakistan’s agricultural sector, with agribusinesses expected to benefit from increased access to financing for climate-resilient practices and technologies. Agriculture remains a key contributor to Pakistan’s economy while being among the sectors most exposed to climate-related challenges.
Bank Alfalah said the partnership reinforces its commitment to sustainable finance and complements its broader financing activities across renewable energy, energy efficiency, climate adaptation, agribusiness and other climate-linked sectors.
The transaction also strengthens the bank’s relationship with British International Investment, which has identified climate finance as a strategic priority under its current investment framework. BII aims to direct at least 40% of its new investments toward climate-related opportunities over the next five years.
The facility represents a continued effort by both organisations to expand access to climate finance in Pakistan while supporting businesses and communities in adopting more resilient and sustainable practices.
