Lessons and success factors from Pakistan’s first listed local-currency green bond
This report documents the design, structure, and early impact of Pakistan's first PKR-denominated, rated, and secured green bond — the Parwaaz Green Action Bond (PGAB). Launched by Parwaaz Financial Services, with support from MOBILIST, the bond demonstrates how domestic capital markets can help finance climate action at scale while supporting SMEs and critical social infrastructure.
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