RECORDER REPORT

KARACHI: First Women Bank Limited (FWBL) has announced to provide financing for solar panels to women and transgenders at subsidized rates.

“Installation of solar panels is a cheap and self-sufficient clean renewable process which produces no harmful emanation to hurt the environment,” FWBL president & CEO Tahira Raza said, addressing a session that was held to create awareness about the solar energy concepts benefits and products.

She expressed hope that solar energy would play a big role in helping people socially and economically and creating jobs and research. She noted that Pakistan’s economy is currently facing the dual challenge of energy shortage and climate change. She said inadequate supply of energy has severely impacted the growth of industries/businesses and the welfare of the public in general.

“In order to overcome these challenges, the State Bank of Pakistan is promoting green banking model to ensure sustainable banking and development,” she said, adding that First Women Bank is also offering solar products to meet the demand of commercial and personal users including men, women and transgenders.

The FWBL president said that the facility is available to women and transgender customers at the more subsidized rates.