PCP Reports Record PKR 25.44 Billion Corporate Giving as Government Backs Social Impact Finance

Overview

• PCP’s 20th Corporate Philanthropy Report logged PKR 25.44 billion in corporate donations for 2023, the highest on record.
• Public listed companies contributed PKR 18.23 billion, with KSE-100 firms at PKR 15.24 billion and KSE-30 at PKR 8.80 billion, while the Glass & Ceramics sector posted the top giving ratio at 7.80% of profits.
• Finance Minister Muhammad Aurangzeb cast corporate philanthropy as a pillar of the national development agenda and pressed non-disclosing firms to report their contributions.
• He said the government has designed a social impact financing framework to shift toward results-based, impact-linked funding across public, private and philanthropic capital.
• He announced Pakistan’s first Skills Impact Bond with the British Asian Trust and NAVTTC would launch soon to expand skills development through market-based financing.