South Punjab Forest Company
A Public Sector Company registered under Section 42 of the Companies Act, 2017
SPFC aims to promote commercial forestry and range management in six districts of South Punjab by encouraging the private sector to venture in this field, which will help to provide sustainable wood to the wood-based industry. The idea was conceptualized by Sardar Awais Ahmed Khan Leghari, who convinced the Chief Minister Punjab, Mian Muhammad Shahbaz Sharif on the need to establish an institution that can help to grow sustainably farmed wood and contribute to meet the demands of the wood-based industries in Pakistan under one window operation.
The investment objective of the company is to encourage the investment in assets that can be established and managed on environmentally and socially sustainable basis. The 134,995 acres of blank forest land allotted to SPFC would generate an influx of PKR 240 billion to the economy through private sector investment and the government will benefit through 35 million tons of carbon offsets, generating 15,000 green jobs, promoting native flora and fauna and a share of PKR 20 billion from this initiative.
The initiative of SPFC aspires to combine socially and environmentally responsible forestry investments with unique potential for stable and attractive returns through participation in the value chain of competitive and sustainable industries.
The approach will generate both long-term capital appreciation for partners and an attractive and sustainable income yield. The initiative will also promote sustainable development and assist the Government of Pakistan to achieve its ‘Vision 2025’, the targets laid out under ‘The 2030 Agenda for Sustainable Development’ and the Paris Climate Agreement.