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WB Approves USD 120 million for Green Stimulus Project

Islamabad: According to media sources, Special Assistant to the Prime Minister on Climate Change Malik Amin Aslam revealed that the World Bank (WB) has contributed USD 120 million to the Green Stimulus initiative, which will be unveiled next month by Prime Minister (PM) Imran Khan.

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According to the information provided, Pakistan is the only nation to have gotten funding for a project of this nature. He continued by stating that all preliminary work has been completed with the assistance of all provinces. The effort is anticipated to generate 20,000 green employment, and the government’s goal is to plant 1.5 billion trees by the end of the year.

The special assistant reported that the 10 Billion Tree Tsunami Initiative has created around 85,000 jobs. He claimed that approximately 500,000 employment were created in Khyber Pakhtunkhwa, where the goal of one billion trees has been met.

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Amin Aslam disclosed that the Green Stimulus Plan is a component of the 10 Billion Trees initiative, comparable to the Olive Tree Tsunami and Mangrove Forest initiatives.

During the COVID-19 epidemic, the Protected Area Initiative was created. Under this program, 15 national parks have been created, increasing the total number of national parks from 30 to 45.

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