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ISLAMABAD, (MANEND NEWS): Prime Minister Imran Khan formally
launched Pakistan’s first Green Eurobond at a ceremony in Islamabad
on Monday.
The Green Euro, called Indus Bond, has been issued by Water and
Power Development Authority (WAPDA) to raise 500 million dollars for
financing of Diamer Bhasha and Mohmand dams.
Addressing the launching ceremony, the Prime Minister said the
government has planned to construct 10 dams in 10 years to meet
water needs and produce clean energy.
Acknowledging the progress made in the construction process of
Diamer-Bhasha and Mohmand dams during two and a half years, he
said these two water reservoirs will produce 10,000 megawatts of
clean and environment- friendly electricity in the country.
The Prime Minister said Pakistan is one of the most affected countries
by climate change and global warming in the world. To address this
challenge, the government is effectively working on tree plantation
drive under ten billion tree tsunami program.
Imran Khan said this program will considerably improve living
standards of people besides promoting tourism and reducing pollution.
He said plantation target of one billion trees has been successfully
achieved.
Imran Khan said 15 special national parks are being established to
protect and preserve the natural environment. He said the government
is working on a long-term planning to save the next generations as
such policies are imperative for development of the country.
Referring to the public welfare programmes initiated by the
government, the Prime Minister said unified curriculum is being
introduced to ensure quality education across the country.
He said the PTI government has launched exemplary health program
to provide universal health coverage to masses. He said 100 percent
population of Khyber Pakhtunkhwa has been provided health coverage
while Punjab will be covered this year.
Earlier, speaking on the occasion, Finance Minister Shaukat Tarin said
that Green bond has been becoming popular globally as countries re-
orient their policies to join the raise to zero omission.
He said the success of this transaction is a reflection of the confidence
of the international community in the policies of Prime Minister Imran
Khan.
He said Pakistan’s efforts, to meet environmental challenges, are being
recognized globally. He said the Finance Ministry is fully committed to
contribute to Prime Minister’s vision to overcome adverse impacts of
climate change.
He said the Diamer Bhasha and Mohmand Dams projects are critical to
the country’s future energy, water and food security needs.