Search

x
Join our whatsapp channel for News Updates

Pakistan stresses int’l arrangement at UN forum on Forests

04:00 PM | 14 May, 2015
Pakistan stresses int’l arrangement at UN forum on Forests
NEW YORK (Staff Report) - Pakistan has reaffirmed its support to the global objective of forests, telling the United Nations that it was taking many tangible steps for sustainable management of forests consistent with the International Arrangement on Forests.

Senator Mushahid Ullah Khan, Minister for Climate Change while speaking at the United Nations Forum on Forests in New York said Pakistan has already taken necessary legislative measures fulfilling its obligations under the Rio Conventions. He strongly argued for a strengthened International Arrangement on Forests that could address forestry issues in a holistic manner contributing to sustainable development and poverty eradication in the developing countries.

The minister further said the outcomes and deliberations of UN Forest Forum have contributed positively to the forest related policies in Pakistan.

Referring to the Millennium Development Goals on Environmental Sustainability, Mr Khan said Pakistan has achieved the target of 12 percent protected areas. “However, the target to increase the forest cover to 6% is yet to be achieved. We are working to meet this target,” he added.

Pakistan has also made significant strides under the UN initiative called Reducing Emissions from Deforestation and Forest Degradation (REDD+), he said.

“We would be ready to enter in the implementation phase as envisaged in the Cancun Agreement and the Warsaw Framework on REDD+ in next 2 years, including the full implementation of result based actions,” added Mr Khan.

He told the forum that the government was also promoting public private partnerships to attract private sector investments in the forestry sector in Pakistan. However, the minister cautioned that the achievement of the global objectives of forests adopted by the UNFF and the Non-Legally Binding Instrument on all types of forests would not be possible without adequate means of implementation.

The Pakistani representative also expressed support for predictable and scaled up financial resources for all forestry related projects and initiatives and endorsed the establishment of Global Forest Fund to meet the forest financing needs in the developing countries.

The projects under REDD+ should be financed through the Green Climate Fund and REDD+ should be anchored comprehensively in the 2015 Climate agreement, the minister stressed.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

Advertisement

Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 26, 2024 Friday in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.

UAE Dirham AED was at 74.95 and Saudi Riyal's new rate was at 73.30.

Today’s currency exchange rates in Pakistan - 26 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.15 280.15
Euro EUR 294 297
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 74.95 75.75
Saudi Riyal SAR 73.30 74
Australian Dollar AUD 178.5 180
Bahrain Dinar BHD 740.57 748.57
Canadian Dollar CAD 200.8 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 39.93 40.33
Hong Kong Dollar HKD 35.55 35.9
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.61 912.61
Malaysian Ringgit MYR 58.28 58.88
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.46 25.76
Omani Riyal OMR 723.48 731.48
Qatari Riyal ‎QAR 76.52 77.22
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 305.43 307.93
Thai Bhat THB 7.51 7.66

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter