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Pakistan

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Last Updated:
04/05/2024
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Timeline

  • 2023
    Framework Development
    • Energy Conservation Building Code (2023)

    • Draft Guidelines on ESG Disclosures for Listed Companies | SECP

    • Government of Pakistan issues National Energy Efficiency & Conservation Policy (2023)

    • Government of Pakistan issues National Clean Air Policy (2023)

    • Government of Pakistan issues National Adaptation Plan (2023)

    Research and Engagement
    • SBP becomes member of Network for Greening the Financial System (NGFS)

    • SBP quarterly seeks implementation status of the ESRM implementation from banks and DFIs

  • 2022
    Framework Development
    • Government of Pakistan issues National Hazardous Waste Management Policy (2022)

    • SBP launches the Environmental and Social Risk Management Implementation Manual

    Research and Engagement
    • Government of Pakistan issues revised National Climate Change Policy (2021)

  • 2021
    Framework Development
    • Government of Pakistan issues revised National Climate Change Policy (2021)

    • Government of Pakistan revised Pakistan's Nationally Determined Contributions to achieve the targets set out in the Paris Agreement

    • Securities and Exchange Commission of Pakistan (SECP) issues the Gender Bond Guidelines

    • Securities and Exchange Commission of Pakistan (SECP) issues the Green Bonds Guidelines

    Market Actions and Impacts
    • Financial Stability Review: SBP analyzed the climate-related risks as a part of its periodic macro stress testing exercise.

  • 2020
    Framework Development
    • Government of Pakistan launches Protected Area Initiative (PAI)

    • Government of Pakistan issued Electric Vehicle Policy 2020- 2025 (Draft)

  • 2019
    Framework Development
    • Government of Pakistan issues National EV Policy (2019)

    • SBP issues revised version of SBP Financing Scheme for Renewable Energy along with its Islamic version

    • SBP enhances the scope of the Refinancing Facility for Modernization of Small and Medium Enterprises (SMEs) by including new zig-zag technology brick kilns for financing under the scheme

    • Government of Pakistan and WWF jointly launch Recharge Pakistan: Building Pakistan’s Resilience to Climate Change through EcosystemBased Adaptation for Integrated Flood Risk Management

    • Government of Pakistan issues Alternative and Renewable Energy Policy (ARE Policy)

  • 2018
    Research and Engagement
    • Government of Pakistan launches Ten Billion Trees Tsunami Program

    • Government of Pakistan launches Clean Green Pakistan Movement (CGPM)

    Framework Development
    • SBP issues the Guidelines on Environmental and Social Risk Management (ESRM) Policy and Procedures for Microfinance Banks (MFBs), Non-Bank Microfinance Companies and Non-Bank Finance Companies in Pakistan

  • 2017
    Framework Development
    • The Government of Pakistan & UNDP publish the Pakistan Climate Change Financing Framework: A Road Map to Systemically Mainstream Climate Change into Public Economic and Financial Management

    • SBP issues the Green Banking Guidelines

  • 2016
    Framework Development
    • Government of Pakistan sets the Intended Nationally Determined Contributions to achieve the targets set out in the Paris Agreement

    Research and Engagement
    • SBP issues Revised Financing Scheme for Renewable Energy

  • 2015
    Framework Development
    • State Bank of Pakistan joins SBFN

  • 2013
    Framework Development
    • Securities and Exchange Commission of Pakistan issues the Corporate Social Responsibility (CSR) Voluntary Guidelines

  • 2012
    Framework Development
    • Ministry of Climate Change issues the National Climate Change Policy

  • 2009
    Framework Development
    • SBP launches Scheme for Financing Power Plants Using Renewable Energy