Pakistan, May 7 -- In a major step toward sustainable development, Pakistan has officially launched its first Green Sukuk bonds. The Ministry of Finance announced that the initial issuance will range from 20 to 30 billion rupees. These bonds will be auctioned and aimed at raising funds for environmentally friendly projects across the country.

To promote transparency and investor interest, the Green Sukuk will be listed and traded through the Pakistan Stock Exchange. Additionally, several private banks will join as financial advisors, helping guide and support the bond issuance process. This approach is expected to widen participation from both local and international investors.

According to the Ministry, the bonds are issued under a Sus...