LONDON/KARACHI, July 5, 2026: Bank Alfalah Limited and British International Investment have signed a $50 million senior term loan facility to expand climate finance in Pakistan, with funding aimed at projects focused on mitigation, adaptation and resilience.
The agreement, signed during London Climate Action Week, is intended to support businesses and vulnerable sectors, including agriculture, as Pakistan faces recurring floods, extreme weather and growing climate-related risks.
Bank Alfalah said the facility will help finance eligible climate projects, including climate-smart agriculture, water irrigation systems, renewable energy, energy efficiency, climate adaptation and other sustainability-linked activities.
The agreement was signed at BII’s headquarters by Bank Alfalah President and CEO Atif Bajwa and BII CEO Leslie Maasdorp. British High Commissioner to Pakistan Jane Marriott was also present.
Support for climate-resilient projects
Alongside the financing, BII will provide technical assistance to Bank Alfalah to help identify and build a pipeline of eligible climate assets. The support is aimed at strengthening the bank’s ability to direct capital toward projects addressing both climate risks and emissions.
Atif Bajwa said the partnership reflects Bank Alfalah’s commitment to mobilizing international capital for sectors that support Pakistan’s sustainable and resilient growth.
Leslie Maasdorp said Pakistan remained on the frontline of climate change and that greater access to climate finance was important for long-term resilience and economic growth.
Jane Marriott said the partnership showed how the UK and Pakistan could work together to support greener investment, businesses, farmers and climate-resilient communities.
Bank Alfalah said the transaction strengthens its role in sustainable finance and builds on its work in priority sectors, including agribusiness and climate-linked activities.
