SBP governor inaugurates first ‘urban forest’ project

KARACHI: State Bank Governor Dr Reza Baqir on Tuesday inaugurated the first Polyculture Forest project, envisaging an “urban forest” on 5,000 square met­r­­es of land on the premises of Pakistan Security Print­ing Corporation, Karachi.

Under the project, about 15,000 saplings of 45 indigenous species will be planted using the Miyawaki method, a technique introduced by Japanese botanist Akira Miyawaki which helps build dense native forests.

The method ensures gro­wth of plants 10 times faster and results in 30 times den­ser than usual plantation.

The project is inspired by the government’s vision of encouraging people, comm­u­­nities, organisations, bus­­inesses and civil society to collectively plant trees and play their role in improving climatic conditions.

The forest created throu­­gh this method becomes maintenance-free after the first three years. A mini lake for the project has also been developed to complement the ecosystem of the forest and support aquatic life: plants, fish and other creatures.

The project incorporates a micro-sprinkler irrigation system, which supplies only the required amount of water directly to the roots of trees. When fully mature, PSPC Polyculture Forest would be absorbing 300-350 tons of CO2 per year.

Speaking on the occasion, the SBP governor said that as part of the State Bank of Pakistan and PSPC’s contribution towards corporate social responsibility goals and care for the environ­ment, the PSPC’s Polycul­ture Forest, a green island in the urban concrete jungle of Karachi, was a gift for the people of the megacity.

He appreciated the efforts of the entire PSPC team who worked day and night even during the coronavirus pandemic to make this project a reality.