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Financing for sustainable development need of the hour: Reza Baqir   Published On Dr Baqir stated that the Pakistan faces challenge as a result of climate change KARACHI (Dunya News) – State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said that financing for sustainable development is the need of the hour and Financial Institutions have a crucial role in this area. He was addressing a webinar jointly hosted by SBP and Unilever Pakistan to create awareness about the SBP’s Renewable Energy Financing Scheme which has been used by Unilever to convert 30% of its factories to renewable energy. Dr Baqir stated that the Pakistan faces challenge as a result of climate change and adopting prevention strategies are of paramount importance. In this regard he pointed out that the SBP has issued Financing Scheme for Renewable Energy with a view to promote renewable energy projects.

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