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PM Imran Khan launches Pakistan’s first Green Eurobond (Indus Bond)

ISLAMABAD, Pakistan: Prime Minister Imran Khan on Monday formally launched Pakistan’s first Green Eurobond (Indus Bond) issued by the Water and Power Development Authority (WAPDA) to raise US$ 500 million for the financing of Diamer Bhasha and Mohmand dams.

While addressing the launching ceremony in Islamabad, the prime minister said that 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, the prime minister said that these two water reservoirs will produce 10,000 megawatts of clean and environment-friendly electricity in the Country.

The prime minister said that Pakistan is one of the most affected Countries by climate change and global warming in the world. To address this challenge, he added that the government is effectively working on a tree plantation drive under the 10 billion tree tsunami program.

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Imran Khan said that the 10 billion tree tsunami program will considerably improve the living standards of people besides promoting tourism and reducing pollution. He said that the plantation target of one billion trees has been successfully achieved.

Imran Khan said that 15 special national parks are being established to protect and preserve the natural environment.

The prime minister said that the government is working on long-term planning to save the next generations as such policies are imperative for the development of the Country.

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