JS Bank, one of Pakistan’s fastest-growing banks, has partnered with the Green Climate Fund (GCF), the world’s largest climate finance organization, to promote and undertake climate-resilient projects in the country. The announcement was made in a meeting hosted by JS Bank in Islamabad, where both parties discussed various aspects of the Pakistan Distributed Solar Project (PDSP), the country’s first private-sector renewable energy project.
The PDSP aims to support access to distributed solar power all over Pakistan, across consumer, SME, and agriculture sectors. The GCF delegation praised JS Bank’s collaborative efforts and displayed confidence in the bank’s commitment and capacity to implement future projects.
During the meeting, both parties also discussed other sustainable and green initiatives taken by the bank, while exploring opportunities for further collaboration in green financing in the country. The GCF delegation included Carolina Fuentes, Director of Country Programming; Anupa Lamichhane, Regional Manager Asia-Pacific; Hyejin Lee, Climate Investment Specialist; and Amgad Elmahdi, Water Sector Senior Specialist.
Representatives from the Ministry of Climate Change, JS Bank’s Group Head of Investment and International Banking, Head of Investment Banking, Chief of Staff to CEO, and Sustainable Finance department were also present at the meeting.
JS Bank’s Group Head of Investment and International Banking, Syed Jafar Raza, expressed his delight in working with GCF to promote climate-resilient projects in Pakistan and emphasized the bank’s commitment to supporting the country’s transition towards achieving a greener future.