Pakistan has marked a significant step in aligning its digital infrastructure with sustainable finance through the launch of its first PKR 3 billion AAA rated green sukuk for the telecom sector. The initiative has been led by InfraZamin Pakistan Limited in partnership with Infralectric, a Brillanz Group company, along with major financial institutions including Dubai Islamic Bank Pakistan, Bank Alfalah, and Meezan Bank. The transaction represents a notable development in the country’s capital markets, combining Islamic finance principles with climate focused investment to support one of Pakistan’s most energy intensive sectors.
The sukuk structure includes a full principal guarantee by InfraZamin, which has helped achieve the highest credit rating and attract strong investor interest, resulting in oversubscription. The funds raised through the issuance are set to finance large scale deployment of lithium ion battery energy storage systems and solarization solutions across telecom tower infrastructure nationwide. This move is expected to reduce reliance on diesel powered energy systems, which have traditionally been used in off grid and weak grid telecom sites, while improving operational efficiency and energy resilience.
From a technology perspective, the initiative reflects a growing convergence between energy innovation and digital infrastructure, where telecom networks are increasingly being supported by smart, distributed energy systems. Pakistan’s telecom sector, which serves nearly 190 million mobile users and operates over 50,000 tower sites, stands to benefit significantly from cleaner and more reliable power solutions. The integration of battery storage and solar energy is expected to enhance network uptime, reduce operational costs, and support the development of more resilient, data driven communication networks across urban and remote areas.
The launch also highlights the expanding role of green and Islamic finance in supporting infrastructure development in Pakistan. By mobilising private capital through a structured, credit enhanced instrument, the transaction demonstrates how financial innovation can enable large scale investments in climate aligned projects. In addition to environmental benefits, the initiative is expected to generate employment opportunities across installation, maintenance, and technical operations, while contributing to the long term sustainability of Pakistan’s digital economy.
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