Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Chambers & Associations

LCCI for effective forest management system

byCT Report
13/01/2018
in Chambers & Associations, Latest News, Pakistan Chambers
Share on FacebookShare on Twitter

LAHORE: Pakistan’s poor international ranking in under forest area is causing massive economic and environmental damage to the country therefore this should be taken very seriously. Government would have to make forest management system effective as importance of forests cannot be underestimated.

In a statement, the LCCI President Malik Tahir Javaid and Vice President Zeshan Khalil said that Pakistan ranked 79 with around 1% area under forest while Russia andIndia stand first and 10th position respectively with over 49% and 23%.

You might also like

Chinese consortium to expand investment in Pakistan’s capital market infrastructure

15/06/2026

Banks must upload account data to FBR Hub under FY27 Bill

15/06/2026

They said that deforestation in Pakistan seems small but actually is a big issue as it not only leaving adverse impact on the environment but is also hitting the economy hard. Government, private sector and all segments of society should join hands to tackle the issue of shrinking forests in Pakistan.

They said that forests are not only safeguarding biodiversity and acting as a shield against climate changes but are also equally important for the economic safety of the country. They said that wood production, processing and the pulp & paper industries accounts over one percent of the global gross domestic product.

The LCCI office-bearers said that forests also resist against devastating floods besides being a major source of fresh water, medicine, shelter and employment for the people. They said that forestation is one of the most neglected areas and there is a dire need to make joint efforts to protect and enhance forests through public-private partnership.

“We have to recognize that forestry is an integral feature of sustainable economic development. It should be the focus policy corridors for generating new economic opportunities”, the LCCI office-bearers said adding that by developing forestry as a commercially viable sector, the country can make the agriculture sector stable and valuable for economy.

They said that considering the available facts and figures, the potential for new investment in forestry is very much significant. Currently, local industry such as paper and furniture is experiencing serious supply-shocks which are not only impeding their further growth and but also slashing their international competitiveness.

They said that government should make long-term arrangements for attracting large investment and also provide incentives for advanced forest management technologies. They said that all city-district governments should earmark certain percentage of land in their areas for forestation.

The LCCI office-bearers said that timely policy-response, investment and coordinated efforts from the key stakeholders are required to improve the situation. They proposed that Ministry of Environment should adopt a comprehensive forest development strategy to address the production and conservation needs in close consultation with the private sector and scientific community.

Related Stories

Chinese consortium to expand investment in Pakistan’s capital market infrastructure

byCT Report
15/06/2026

ISLAMABAD: Chinese investors have reaffirmed their long-term commitment to Pakistan’s capital markets following the resolution of key regulatory matters by...

Banks must upload account data to FBR Hub under FY27 Bill

byCT Report
15/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed mandatory electronic data sharing by all banks and Electronic Money Institutions...

FBR Bahawalpur Zone recovers Rs530m in record enforcement drive

byCT Report
15/06/2026

BAHAWALPUR: The Federal Board of Revenue (FBR) Bahawalpur Zone has recovered over Rs530 million in taxes from Islamia University of...

Traders demand removal of Rs25,000 fixed tax in Finance Bill 2026

byCT Report
15/06/2026

LAHORE: The business community has called on the government to withdraw the fixed tax component from the newly proposed trader...

Next Post

Customs Export recovers Rs 8.04m from defaulter companies

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.