Govt plans $250 million ‘green fund’

ISLAMABAD: Pakistan is working on launching a $250 million Green Impact Fund (GIF) to channel international commitments meant for climate change to finance green micro and small enterprises (MSMEs) in the country.

The plan proposed by Karandaaz — a non-profit firm drawing funds from international donors — came under discussion at a meeting of the PM’s Committee on Social Impact Financing presided over by Finance Minister Muhammad Aurangzeb on Wednesday.

“This fund would offer concessional loans...