Pb govt to bring 99,077 acres of land under forest-cover in South Punjab: CEO

Lahore – South Punjab Forest Company (SPFC) Chief Executive Officer (CEO) Tahir Rasheed said on Monday said that the company with the help of private sector will plant 130 million trees, over an area of 99077 acres of forestland, in five districts of south Punjab.

Talking to APP CEO Tahir Rasheed said that the commercial forestry through a proper management system couldl play a key role in controlling environment pollution in addition to reorganizing wood industry and saving preciously foreign exchange.

He said that with the completion of the 130 million tree plantation project,around 240 billion rupees will be added to the economy and government will earn approximately Rs20 billion rupees. Most importantly the project will help to reduce logging pressure on the natural forests of the country, he added.

In this connection the SPFC has accomplished feasibilities of different Forest Plans, adding the work on tree plantation would be started by April this year, he added.

Rasheed said that the Punjab Government has taken a landmark step to reduce deforestation in South Punjab and providing sustainable wood to the wood-based industry.

He said that according to the vision of Chief Minister Punjab Muhammad Shehbaz Sharif, Forests Department has been strengthened and was formulating comprehensive recommendations for making tree plantation across the province.

He said that the five districts of South Punjab, Dera Ghazi Khan, Rajanpur, Muzaffargarh, Bahawalpur and Rahim Yar Khan will be brought under forest cover, through this project. The company is mandated to seek private investment on produce sharing basis with minimum 15 per cent of SPFC's share for afforestation and range management under Public Private Partnership (PPP)'s Build Operate Transfer (BOT) mode for a period of 15 years, he said.

Tahir Rasheed, while appreciating the Green Pakistan Programme(GPP), said that it was a successful initiative which would help improving the forest cover of Pakistan, leading to the conservation of wildlife. 'This programme will help to adapt and mitigate the impact of climate change in Pakistan, as the country was highly vulnerable to the phenomenon,' he further said.

"Monitoring Desk"

RELATED POSTS

2
PM Imran Khan praises Chinese support, says China has been helpful in many areas
0.7 Million jobs likely under CPEC by 2030
Power generation capacity of Port Qasim power plant equivalent to 10 percent of national power generation capacity
CPEC energy projects undergoing rapid construction
China confirms pledging financial assistance to Pakistan
NHA plans construction of sections of CPEC Western Route, project to complete by end of 2019
CPHGC’s Unit 1 successfully synchronized with Pakistan national grid
Chinese Embassy clarifies CPEC debt article
Chinese industrial group to establish ceramics unit in Faisalabad
Chinese Embassy provides details on the latest progress of CPEC
Work on the New Gwadar International Airport, vocational training center and friendship hospital to begin in the first quarter of 2019
Six Pakistani entrepreneurs graduate from UNCTAD, Alibaba’s fellowship
China donates Rs6m more to families of martyred cops
Pakistan coming on track by enhanced export, trade volume with neighboring countries
China says it hopes US can show sincerity on trade

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us