Islamabad: According to our sources, on January 11th, release of Nature Performance Bonds by Federal Ministry of Climate Change will raise the funds to support budget. Moreover, the ministry has also developed the tangible performance indicators. It includes restoration of protecting forests, wetlands, and also reducing threats to wildlife.
The proceeds of bonds will be utilized for the development of the activities. The government also revealed that the idea of green bonds is based upon the environmental indicators. Many countries will also start the dialogue with a goal to issue a Nature Performance Bond.
The government has already issued ten-year Indus Green Bonds having worth of USD 500 million.
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