Islamabad – February 12 , 2026 : Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has reaffirmed the Ministry of Finance’s full commitment to supporting the Prime Minister’s Fan Replacement Program, describing it as a critical initiative for energy conservation, fiscal responsibility, and climate action ,said an official announcement.
The Finance Minister emphasized that from the perspective of the Ministry of Finance, the initiative remains a high priority, and the Ministry will continue to provide all necessary support to the Power Division to ensure its successful implementation and rapid scaling.
Highlighting the Ministry’s role, Senator Aurangzeb stated that the Ministry of Finance has allocated PKR 2 billion in the budget as a 10 percent first-loss risk guarantee. This facility is designed to encourage banking institutions to actively participate in the program by mitigating initial credit risk and facilitating financing for consumers seeking fan replacement.
He further shared that although the program was formally launched today, a pilot phase has already been conducted in collaboration with the State Bank of Pakistan and the banking sector. The proof of concept has been successfully established, with 11 banks participating in the pilot. During this phase, approximately 186 energy-efficient fans have already been installed, with disbursements of around PKR 1.35 million benefiting 67 borrowers.
Describing this as an encouraging beginning, the Finance Minister noted that the digital enablement systems, financing mechanism, and disbursement processes are now operational and functioning effectively.
He acknowledged the leadership of Federal Minister for Power, Mr. Awais Leghari, in driving the initiative forward and stated that the next phase will focus on rapidly scaling up the program in coordination with the State Bank and commercial banks. The objective, he said, is to accelerate implementation so that the program’s benefits can be realized sooner rather than over an extended 10-year horizon.
The Finance Minister reiterated that the Ministry of Finance will continue to extend full support in advancing energy conservation goals, strengthening fiscal sustainability, and contributing to Pakistan’s broader climate change agenda.
