10 Pakistani businesses are seeking combined US$51 million over the next 12 months to expand practical climate solutions, following specialist support from the UK government.
The businesses are developing cleaner energy, transport, construction, farming and waste solutions. With UK-funded technical and financial advice, they strengthened their investment proposals and presented them directly to investors, banks and development finance institutions in Karachi. CFA Pakistan, implemented by DAI on behalf of the UK Government, gave each business technical, financial, and gender equality and social inclusion support to prepare for investment.
The two-day Climate Finance Accelerator Pakistan Investor Roadshow on 27 and 28 October connected the businesses with potential investors. Together, the 10 businesses across five sectors: agriculture and land use, waste and circular economy, clean energy, building and construction, and e-mobility have a three-year investment pipeline worth US$120 million.
The roadshow also brought together government, investors and industry representatives to discuss how Pakistan can attract more private finance for climate projects by addressing policy, regulatory and market barriers.
The UK’s climate partnership with Pakistan is increasingly focused on mobilising climate finance, strengthening adaptation and resilience, and supporting the policy and institutional systems needed for implementation.