KARACHI - Governor State Bank of Pakistan (SBP) Dr Reza Baqir has inaugurated the polyculture forest and museum at Pakistan Security Printing Corporation, Karachi. 

He was given a detailed briefing on the project by the management. The polyculture forest is inspired by the incumbent government’s priority of encouraging people, communities, organisations, businesses and civil society to collectively plant trees and thus play their part in improving climatic conditions, said SBP release on Tuesday.

The PSPC’s polyculture forest project envisages a 5,000 square meters of “urban forest”, where about 15,000 saplings of 45 indigenous species will be planted using the “Miyawaki” Method that involves planting dozens of native species in the same area. 

The Miyawaki approach ensures rapid growth of plants; reportedly, plant growth is 10 times faster and the resulting plantation is 30 times denser than usual; moreover, the forest becomes maintenance-free after the first three years. 

A mini lake for the project has also been developed to complement the forest ecosystem and support aquatic life - plants, fish and other creatures. The project also involves 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. The forest’s additional benefits include providing a natural habitat and food for various species of birds, mammals, and insects; a lowered temperature of the surrounding areas due to natural air-conditioning impact of the trees; recharge of ground water table; prevention of soil erosion, etc.

The governor stated that as part of State Bank and PSPC’s contribution towards Corporate Social Responsibility (CSR) goals and care for the environment, the PSPC polyculture forest, a green island in the urban concrete jungle of Karachi, is a gift for the entire community. Furthermore, he appreciated the efforts of the entire PSPC team, especially to the numerous members, who worked day and night, even during the pandemic and made this innovative project a reality.