KARACHI: InfraZamin Pakistan Limited, in partnership with Infralectric, a Brillanz Group company, DIB Pakistan Limited, Bank Alfalah Limited, and Meezan Bank Limited, announced the signing of Pakistan’s first-ever Rs3 billion, ‘AAA’ rated, green sukuk for the telecom sector, a statement said on Monday.
Under the transaction, InfraZamin Pakistan is providing a 100 percent principal guarantee for the green sukuk issued by Infralectric Private Limited with DIB Pakistan Limited as the lead arranger of the bond transaction, demonstrating how ethical capital markets can lead the transition toward scalable, climate-aligned infrastructure financing.
The proceeds will finance one of Pakistan’s largest commercial deployments of lithium-ion battery energy storage systems (BESS) and solarisation solutions for telecom tower infrastructure across the country. The transaction witnessed oversubscription by investors, and initial disbursement is planned after completion of all formalities.
Maheen Rahman, Chief Executive Officer of InfraZamin Pakistan, said, “By guaranteeing Pakistan’s first Green Sukuk for the telecom sector, InfraZamin is proud to catalyze sustainable private investment into climate-resilient infrastructure while deepening Pakistan’s debt capital markets. We are delighted to partner with Infralectric and Dubai Islamic Bank on this pioneering transaction.”
Bilal Qureshi, Group CEO of Brillianz Group, stated, “This transaction sets a new benchmark for business model innovation, demonstrating how private capital can accelerate energy transition, reduce diesel reliance and forex pressure, and build a more resilient, AI-enabled telecom network for Pakistan.”
Muhammad Ali Gulfaraz, Chief Executive Officer of Dubai Islamic Bank Pakistan Limited, said, “The solarisation of Pakistan’s telecom backbone will significantly lower dependence on conventional energy while reinforcing the resilience of the digital economy, proving that ethical finance serves as a powerful catalyst for large-scale environmental impact.”
Atif Bajwa, president and chief executive officer of Bank Alfalah Limited, stated, “The initiative is expected to play a meaningful role in promoting cleaner energy solutions within the telecom sector while strengthening the resilience and sustainability of critical infrastructure across the country.”
Syed Tanveer Hussain, chief operating officer of Wholesale Banking, Meezan Bank, added: “This initiative, focused on green energy solutions for telecom infrastructure, represents a meaningful step towards reducing carbon emissions while enhancing operational efficiency within a critical sector of the economy.”
