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Technical advisory committee to re-examine KP’s Billion Tree Tsunami Project

02:17 PM | 10 May, 2016
Technical advisory committee to re-examine KP’s Billion Tree Tsunami Project
ISLAMABAD (Staff Report) - The government of Khyber Pakhtunkhwa has decided to form a technical advisory committee comprising of foresters, ecologists, academics, and representatives of civil society and media to re-examine the species to be planted under KP’s Billion Tree Tsunami Project.

The decision was taken during a ‘Billion Tree Tsunami Project (BTTP) Meeting’ held at the KP House yesterday.

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The meeting was chaired by Malik Amin Aslam, former Environment Minister and Chair-Green Growth KP province.

Forest Secretary Nazar Shah, Project Director Muhammad Siddiqui Khan Khattak, Chief Conservator Shabbir Hussain, Conservator of Forests in Abbotabad Azhar Ali Khan, and a large number of foresters, representatives from academia, civil society and media also attended the meeting.

The meeting was convened after a news story of planting “wrong species” such as Conocarpus, Eucalyptus, Dodonea and Mesquite, appeared in a newspaper and was circulated with foresters on All-Forester Network, maintained by a think tank LEAD Pakistan.

Experts in the

story criticized the project for planting several non-native species in the province.

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Responding to the concerns, Malik Amin Aslam said that almost 50 percent of the billion trees would grow through natural regeneration in existing forests. He said the remaining would be introduced under planned afforestation of more than 70 indigenous and locally popular species, to be planted according to local requirements, biodiversity considerations and ecosystem adaptability.

“The BTTP should be a source of pride for the country as it has been duly recognized by the global “Bonn Challenge” and audited by international organisations," said Aslam.

"No other project can fall under this category of global recognition and transparency,” he added.

Shabbir Hussain said: “Going against the  normal pace of up to Rs400 million per year and planting up to 8 million seedlings, the project has used investment of up to Rs. 4000 million per annum and planting pace of up to 200m seedlings per annum.

Nazar Shah said that the total percentage of Eucalyptus will be less than 10% in Billion Trees Project. “The figure of 50% ratio of Eucalyptus is wrong,” he clarified.

According to the Forests secretary, 40 million native species will further reduce the percentage of non-native species planted under the project.

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Responding to the concerns raised over the planting of the Conocarpus species, he stated that it might be less than 0.01% of the total plantation as it is only grown along roads and motorways.

Shah also announced that he will form a technical advisory committee comprising of foresters, academia, civil society and media, which would meet quarterly to look into such matters and ensure the smooth implementation of the project.

A field visit to the project sites will also be organised on the 18th of May so that the committee knows where the project stands currently.

The government of Khyber Pakhtunkhwa has assigned Rs. 15 billion for the BTTP. It was acknowledged and formally registered under the global Bonn Challenge, a voluntary regime set up under the UNFCCC umbrella for restoring 350 million hectares of forests around the world.

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Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565

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