December 12th , 2019: JS Bank has partnered with World Wind Energy Association – Pakistan (WWEA) under the State Bank of Pakistan’s (SBP) renewable energy scheme to improve access to clean energy generation for commercial and residential customers. Based on SBP’s scheme, financing for generation of clean energy is offered at a subsidized mark-up rate of 6% per annum. Commenting on the occasion, Syed Tauqir Haider Rizvi, Business Head – CRBG North, JS Bank said, “Such collaborations have the potential to solve the question of increasing energy requirements while preserving the environment. Our alliance with WWEA reflects our commitment towards promotion renewable energy through provision of easy, simple and convenient financing options.” Air Marshal Shahid Hamid (Retd.), President of WWEA Pakistan, commented positively regarding the prospects of the alliance, “This partnership is an important milestone for the promotion and uptake of renewable energy in line with the government of Pakistan’s objective to achieve 30% renewable energy by 2030. I look forward to a successful working relationship with JS Bank.”
By undertaking such innovative and business building partnerships, JS Bank remains committed towards its role as a catalyst in developing a green ecosystem of Pakistan.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities including one international branch. The Bank is a leader in the digital banking space and distribution of insurance solutions. JS Bank has received the prestigious Asiamoney Award for ‘Best Bank for SMEs’ as well as the
award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.
WWEA is an international non-profit association embracing the wind sector worldwide, with more than 600 members in around 100 countries. WWEA works for the promotion and worldwide deployment of renewable energies. WWEA provides a platform for the communication of all renewable energy actors
worldwide and advises and influences national governments and international organizations. WWEA the also enhances international technology transfer. For more information, please visit