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IUCN and Barclays Bank PLC, Pakistan signed an agreement at the office of Barclays Bank, which was inked by Shah Murad Aliani, Country Representative IUCN Pakistan and Arslan Nayeem, Head of Commercial Bank, Barclays Bank PLC. Under this agreement IUCN Pakistan will raise a mangroves plantation of over 25 hectares along the Karachi coast. The area selected for plantation is densely populated and highly degraded.
"Over a period of 60 years the selected coastal strip has degraded due to over exploitation, pollution and neglect. Besides creating a green belt, the plantation will also constitute a barrier to protect communities from coastal calamities as well as enhance fisheries potential in the immediate vicinity," said Shah Murad Aliani.-PR

Copyright Business Recorder, 2010

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