Pakistan, June 27 -- Ministry of Climate Change and Environmental Coordination has inked a Rs 10 billion green financing agreement with the National Credit Guarantee Company Limited (NCGCL) to promote sustainable development. The deal was finalized during a high-level meeting between Federal Minister Dr. Musadik Malik and NCGCL CEO Ammar Habib on Thursday. The partnership aims to bolster green entrepreneurship, particularly for young innovators and women-led startups, by providing financial guarantees for eco-friendly projects. NCGCL, recently awarded a AAA rating by PACRA, will offer credit guarantees for convertible bonds, hybrid financial structures, loans, and equity investments to de-risk green ventures. This initiative is expected to ...
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