Credit guarantee for Rs10 billion green funding agreed

National Credit Guarantee Company Limited (NCGCL) has agreed to support green financing up to Rs10 billion in a bid to create a conducive ecosystem for climate-smart entrepreneurship, particularly for young innovators and women-led green startups. NCGCL, which has recently been awarded 'AAA' rating by Pakistan Credit Rating Agency (Pacra), will provide support for green financing through a structured guarantee programme. The Ministry of Climate Change has expressed its readiness to striking a Rs10 billion green financing deal with NCGCL to boost green entrepreneurship. Federal Minister for Climate Change and Environmental Coordination Musadik Malik held a high-level meeting with NCGCL CEO Ammar Habib to finalise a major financial collaboration aimed at supporting green development across Pakistan.