PBA and IFC promote sustainable real estate practices

The Pakistan Banks’ Association (PBA) recently joined hands with the International Finance Corporation (IFC) to organize a workshop shedding light on the benefits of environmentally friendly and resilient real estate investments. The event saw active participation from representatives of over 25 banks in Pakistan, emphasizing the importance of sustainable practices in the real estate sector. A key highlight of the workshop was the discourse on cooling systems for buildings, particularly crucial for Pakistan given recent heatwave challenges.

IFC, a key entity within the World Bank Group, is recognized for its leadership in advocating and facilitating sustainable building techniques worldwide. The workshop provided valuable insights into the financial advantages of green buildings for property developers and investors. Through engaging case studies, attendees learned about the profitability of eco-friendly buildings across various sectors including residential, commercial, industrial, and healthcare facilities.

The collaborative effort between PBA and IFC signifies a significant step towards promoting sustainable real estate practices in Pakistan. By encouraging the adoption of environmentally friendly initiatives, the workshop aimed to not only drive economic benefits for stakeholders but also contribute to a greener and more resilient built environment for the nation.