Pakistan, Oct. 10 -- As a significant step toward climate smart banking and investment, Pakistan Thursday launched the Paris-Aligned Finance Fellowship with the core objective of making the financial sector compatible with global climate standards.

By capacity building in sustainable finance and strengthening economic stability and competitiveness, the Fellowship is aimed at assisting Pakistan's financial system channel more investment into clean energy, resilient infrastructure, and green exports.

The fellowship is financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ Pakistan in collaboration with the State Bank of Pakistan (SBP), said a statement issued here by the central bank....