Pakistan, May 16 -- KARACHI - Pakistan has launched its first-ever Sovereign Domestic Green Sukuk worth Rs30 billion, aiming to fund new climate-resilient and green energy projects across the country. The Sukuk was officially introduced at the Pakistan Stock Exchange (PSX) on Friday.

Speaking via video link, Finance Minister Muhammad Aurangzeb said the Green Sukuk reflects growing investor confidence in Pakistan's economy. He added that this step will help promote clean energy while also expanding Shariah-compliant financing options.

Structured on an Ijarah (leasing) basis with a variable rental rate, the three-year Sukuk falls under the Sustainable Investment Sukuk framework. Proceeds will be used to finance several green projects, inc...