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Pak to establish Eco-System Restoration Fund with initial US $ 50 mln: Amin Aslam.

ISLAMABAD -- Adviser to Prime Minister on Climate Change Malik Amin Aslam Thursday said Pakistan was establishing an independent, transparent and comprehensive financial mechanism of Eco-System Restoration Fund with initial funding of US $ 50 million from its own resources. He said the fund had been created in the wake of lessons learnt from the success of Billion Tree Tsunami (BTT) project which was implemented completely through available local finance and resources. "Pakistan has set a precedent across the world after initiating such dedicated fund as being the first developing country taking a lead role with its own available resources.

"The fund would be open for all international partners whereas preparation work has been made," Amin Aslam informed while addressing to a presser here. The Adviser, during his recent visit to the United Nations Secretary General (UNSG)summit held in Abu Dhabi, had categorically expressed his intention for launching the fund. "China, Korea and Kenya are taking keen interest in the fund as I made exclusive meetings with the representatives of these countries.

China wants to take lead role with Pakistan in the fund as the lessons learnt from BTT programme including revival of natural vegetation, community development, green jobs generation and development of green economy are imperative for the entire world," he added. Amin said it was an opportunity for the country to promote its Green Vision and the Prime Minister Imran Khan's Clean Green Pakistan programme across the globe. He said the incumbent government was running its business on two agendas of accountability and development. "It is evident from the prevailing situation that there was no tolerance in terms of across the board accountability.

The development initiatives were multi-pronged which were mainly economic, social and environmental. The government has managed to bring the national economy out of turmoil and mitigated the risk of financial debacle. The Ehsaas programme, Health Cards and Panahgah (Shelter Homes) project were for social sector development. The third development sector of environment has never been the priority of the prior regimes where the success of BTT has proved the firm resolves of the current government," the Adviser on Climate Change said.

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Publication:The Messenger (Karachi, Pakistan)
Geographic Code:9PAKI
Date:Jul 5, 2019
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