Pakistan’s Prime Minister Imran Khan is considering pledging the largest park in Islamabad due to financial issues facing the Pakistan government. Such a claim was made in a report on Sunday. The F-9 park, named after Madar-e-Millat Fatima Jinnah, is spread over 759 acres of land.
Pakistan’s Dawn newspaper reported that during the next meeting of the Pakistan PM cabinet, Pakistan may put forward a proposal to mortgage the F-9 park. This issue has been included as item number 6 in the agenda list from the Finance Department.
The F-9 Park in Islamabad is said to be one of the largest covered green areas in Pakistan. A No Objection Certificate has already been issued by the Capital Development Authority in this regard.
Earlier, a number of buildings, institutions and roads were pledged by Pakistan authorities to borrow through national and international bonds. Now, this issue has come up at a time when Pakistan is seeing deteriorating relations with Saudi Arabia and the United Arab Emirates (UAE).
It is known that Saudi Arabia had asked Pakistan to repay a soft loan of three billion dollars in August 2020. In addition, the UAE recently banned the issuance of working visas for Pakistani labourers.