Karachi (TDI): The Climate Vulnerable Forum and the V20 Finance Ministers Secretariat (CVF-V20) have signed a Memorandum of Understanding (MoU) with JS Bank to strengthen collaboration on Pakistan’s Climate Prosperity Plan and promote climate finance and green investment.
The agreement, signed in Karachi, aims to transform climate vulnerability into opportunities for resilience and economic growth by encouraging greater private sector participation and mobilizing investment in environmentally sustainable projects. It represents a significant step in advancing Pakistan’s climate finance ecosystem.
Through this collaboration, the CVF-V20 Secretariat and JS Bank will explore opportunities to develop and finance bankable climate projects, with a focus on sectors such as renewable energy, green transportation, sustainable infrastructure, and climate-resilient agriculture.
The partnership will also support the structuring and financing of JS Bank’s projects that are part of Pakistan’s CPP while working to establish a local resource mobilization group to help channel domestic capital toward CPP priorities and scale investment across the national pipeline.
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Speaking at the signing ceremony, Hamza Haroon, Regional Director for South and West Asia at CVF-V20 Secretariat, highlighted the critical role of financial institutions in translating climate strategies into tangible outcomes. He noted that partnerships with leading banks are essential to unlocking investment flows and building confidence and credibility in climate-aligned projects.
Echoing this commitment, Noman A. Soomro, Chief of Staff and Head of Project Management at JS Bank emphasized that for the Bank, climate change is a local reality affecting the lives of the people they serve. They emphasized JS Bank’s intent to contribute origination and structuring capacity to deliver Pakistan’s Climate Prosperity Plan, providing the sustainable tools necessary to build a greener, more secure future for Pakistani communities.
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The MoU outlines plans for practice and innovation exchanges and capacity strengthening to improve access and to develop the climate finance ecosystem. This collaboration is instrumental in bridging the gap between climate ambition and financing, positioning Pakistan’s financial sector as a key driver of climate resilience, investment, and long-term economic growth.
Sohail Majeed
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
