Advertisement

Bank Alfalah partners with IBA and PAQI to launch Karachi’s first scientific Emissions Inventory Report

Advertisement

Marking World Environment Day, Bank Alfalah, in collaboration with the Pakistan Air Quality Initiative (PAQI) and Karachi Urban Lab (KUL), a research facility at Institute of Business Administration (IBA), unveiled a report titled “Karachi Emissions Inventory – A Scientific Foundation for a Clean Air City.” The report is based on the results of 13 newly installed air quality monitors funded by Bank Alfalah, and offers the city’s most comprehensive, evidence-based analysis of air pollution sources.

Positioned across various high-density zones like Saddar, Korangi, Gadap, North Nazimabad, and Clifton, the monitors measure PM2.5, SO₂, NOₓ, and CO₂, critical pollutants that affect urban health and quality of life. Based on international best practices and local data, the inventory sheds light on the root causes of Karachi’s air quality crisis.

Key findings reveal that Karachi produced 394.82 kilo tons of emissions, with industry contributing 49% and transport 33% of the PM2.5 load. Power generation, largely reliant on high-sulfur fuel, accounted for 30% of sulfur dioxide emissions, while residential emissions were negligible due to Karachi’s warmer climate.

Despite the challenge, Karachi’s coastal location provides some respite with natural sea breeze circulation aiding pollutant dispersion, though background levels remain elevated due to marine salt and desert dust.

The report was launched at an event held at IBA, followed by a policy dialogue that urged cross-agency coordination, improved monitoring, public health alerts, and green financing to transition towards a cleaner, more sustainable city.

“Karachi’s air quality crisis is local, not inevitable. Our report shows that with targeted, evidence-based interventions, especially in industrial regulation and transport policy, meaningful change is possible within five years,” added Abid Qamar, Founder of Pakistan Air Quality Initiative (PAQI).

“Bank Alfalah is proud to support the scientific foundation needed to tackle urban air pollution and create a healthier environment for all,” said Madiha Javed Qureshi, Head of Corporate Communication and CSR at Bank Alfalah. “As a responsible

 

Bank, we look forward to supporting causes that require attention. The banking sector also invests in innovative solutions for green financing to help accelerate the transition toward sustainability.”

The Karachi Emissions Inventory provides a crucial starting point for policymakers, urban planners, and civil society to collaborate on transformative solutions.

As part of its broader commitment to a sustainable future, Bank Alfalah has pledged USD 10 million under the leadership of its Chairman, Sheikh Nahayan Mabarak Al Nahayan and Board to support climate resilience and environmental wellbeing. Advancing this commitment, the Bank also launched the #GreenWayForward initiative in collaboration with

WWF-Pakistan, through which 35,000 mangroves will be planted along the coastline of Pakistan in 2023 and 2024. This effort contributes to Bank Alfalah’s long-term pledge of planting 100,000 trees by 2030 in partnership with WWF-Pakistan, reinforcing its dedication to environmental stewardship.

The Bank’s green financing portfolio now stands at PKR 26.6 billion, reflecting its dedication to cleaner technologies and sustainable practices. Currently, 155 Bank Alfalah ATMs are powered by solar panels, resulting in the offset of 193 tonnes of carbon dioxide equivalent in 2024. Furthering its clean energy efforts, the Bank has also converted its Sheikh Bhirko branch to a 30 kW solar hybrid system, a first-of-its-kind green branch which will reduce carbon emissions.

The Bank has also made advances in waste management, recycling, and efficient water consumption by partnering with International Finance Corporation (IFC) as an advisor to guide its green banking journey.

Advertisement
Mazhar Ali Raza

Mazhar Ali Raza is a senior journalist from Karachi. He has served more than twenty years in journalism. He was recently associated with the dunya media group as a senior business reporter from the last eleven years . Prior to that he has worked for CNBC for the period of four years. His major beats were the energy auto banking and agriculture sector . He has covered many seminars and exhibitions in Pakistan and abroad as well .

Recent Posts

Unmissable events in Dubai this June for Pakistani visitors

Dubai has long been a favourite destination for people from Pakistan, offering a vibrant mix…

20 minutes ago

Karachi Fault Line Active as City Experiences Multiple Earthquakes Over Two Days

Karachi has been rattled by a series of low-intensity earthquakes over the past two days,…

2 days ago

AI with a Human Touch: The Next Step for Pakistani Banking Industry

No one likes standing in long lines, filling endless forms, or waiting days for a…

3 days ago

Government Weighs Income Tax Cuts, Pay Hikes, and Sector Relief in Budget 2025–26

The federal government is reviewing a series of relief proposals aimed at easing financial pressure…

3 days ago

Emirates Pakistan and Consulate of Italy Ink Partnership to Enhance Diplomatic Travel and Cultural Exchange

Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the…

3 days ago

Fair Taxation Urged for Ride-Hailing Sector in Upcoming Federal Budget

Calls are growing for the federal government to introduce a fair and progressive taxation framework…

3 days ago