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521 Solar Projects Tossed Under SBP’s Schemes

The Governor of the State Bank of Pakistan (SBP) said that many commercial banks have provided financing worth about Rs 36 billion for 521 solar projects generating about 850 MW of electricity under the renewable energy financing scheme. online seminar.

Read More: The Government Recommends Absolute Autonomy for SBP

Dr Baqir said Pakistan is facing challenges posed by climate change and it is extremely important to adopt prevention strategies. In this regard, he pointed out that SBP has issued a Renewable Energy Grant Program to promote renewable energy projects.

He went on to add that mobilizing financial resources towards sustainability and saving resources will play a central role in mitigating climate change.

Read More: FDA for Development of Ring Road in Faisalabad

Pakistan has been a member of the Global Sustainable Banking Network (SBN) since 2015 and its green/sustainable financial policies are in line with global social and environmental standards and best practices. . 

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