"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " "Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
June 7, 2021
Pakistan Rolls Out Plans To Tap Global Green Financing Avenues

Pakistan Rolls Out Plans To Tap Global Green Financing Avenues

The federal government on Thursday said it has initiated work on a number of green financing instruments, buoyed by widespread global investor interest in Pakistan’s first green bond floated in the international market last week.


The Water and Power Development Authority (Wapda) issued Pakistan’s first green Eurobonds in US dollars on May 27, seeking $500 million for environmentally friendly projects to increase the share of clean energy in Pakistan’s power generation mix, which is heavily reliant on fossil fuels, particularly coal.


 Which shows there is a global appetite for a country that has economic stability and as well as green credibility,” Prime Minister’s Special Assistant on Climate Change Malik Amin Aslam told Reuters.


Pakistan, which is the host country of the United Nations’ annual World Environment Day on June 5, is one of the world’s most susceptible countries to climate change, having been affected severely by extreme weather events such as disastrous floods. It is currently attempting to establish itself as a key participant in the global green financing sector.


Prime Minister’s Special Assistant on Climate Change Malik Amin Aslam said that the government intends to expand the use of green bonds for construction and transportation finance.


On Thursday, the government also concluded its first blue bond evaluation, a financing instrument that gathers funds from worldwide investors for projects that conserve ocean ecology and allied businesses like fisheries and eco-tourism.


Aslam stated that Pakistan has launched its first blue carbon estimates with the help of the World Bank for this purpose. He stated that the World Bank predicted that if the country’s new plantation program, which include planting 10 billion trees over the next several years, are successful, they will be worth $500 million by 2050. He said that the World Bank had used conservative projections for a carbon price and that the valuation could go up to $2.5bn.


Pakistan also issued a joint statement on Thursday with Canada, Britain, Germany, and the United Nations Development Programme outlining its efforts to establish a “Nature Performance Bond” to provide the country with accelerated access to development financing and debt relief in exchange for meeting ecosystem restoration targets.


“The nature bond is chartering unchartered territory,” Aslam said. The bond will be developed by a consortium of financial advisers and is in its initial stages.


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