Published On: Tue, Jun 2nd, 2020
Published in Category: Islamabad

WB to provide $188 million to Pakistan

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ISLAMABAD: will provide 188 million US dollars to Pakistan to address environmental degradation, deforestation and climate change-caused disaster risks in the country.

 

A signing ceremony to this effect was held in Islamabad on Monday. Addressing on the occasion, Advisor to Prime Minister Malik Amin Aslam said present government is taking all out measures for overall environmental protection through forest regeneration and biodiversity conservation programmes.

 

He said Green Economic Stimulus supports the objectives of 10 Billion Tree Tsunami Afforestation Project, which is aimed at bolstering plantations, setting up of nurseries, natural forests, and promotion of honey, fruits and olive plantation in Pakistan.

 

World Bank’s Country Director to Pakistan, Illango Patchamuthu expressed hope that this new initiative will take Pakistan’s climate-resilience and disaster management capabilities to new height through furtherance of bilateral relations between government of Pakistan and the World Bank.