PACRA signs MoU with China’s Lianhe Global for sustainable finance push

Pakistan Credit Rating Agency Limited (PACRA) inked a memorandum of understanding with Lianhe Ratings Global Limited, the overseas unit of a major Chinese credit rating group, Mettis Global reported. The details were shared with the stock exchange in a formal notice. Under the pact, both sides plan to explore joint work on sustainable-finance ratings, sustainability-linked and green instruments, research and knowledge sharing, and rating support for prospective Panda Bond deals by Pakistani government and company borrowers.

Concrete projects under the arrangement will depend on definitive agreements, where applicable. Any substantial progress will be reported as required by the relevant rules. The announcement covers research, knowledge sharing and rating services, but it does not mention financial terms or a timetable for any of them.