GREEN BANKING PROSPECTS IN PAKISTAN: A SYSTEMATIC LITERATURE REVIEW

All over the world balanced development is emphasized by government to ensure the ability of the country to advance its economy without having any destructive consequences on the economy. Environmentalist consider green banking as one of the valuable arms in order to ensure sustainable development. To implement green banking policy environmental stakeholders today are encouraging financial community strictly to aid in environmental protection. The core objective is to study the green banking impact on sustainability, explore the dimensions of green banking and also to study the prospects of green banking in Pakistan. A systematic review of the literature was performed to achieve the objectives of the study. The published literature suggests that green banking has significant impact on sustainability and the dimensions explored are usually at the initial stage. The issuance of green banking guidelines by central bank of Pakistan ensure the responsibility of banks to support the initiative policy that transform the economy of the country towards climate resilient and low carbon economy