Financial Incentives to Industry

This paper provides details of the decisions made by the Environment Standards Committee (ESC) on Financial Incentives to industry. It also documents the progress made so far in the implementation of ESC decisions. The Pakistan Environmental Protection Council (PEPC) constituted the ESC on March 11, 1996. Dr. Shamsh Kassim Lakha President Aga Khan University, was appointed as its chairperson while the members included senior representatives from government, industry and public interest organizations. The Committee held eight meetings up to August 1998, and made several important recommendations on the modalities for implementing National Environmental Quality Standards. Section 2 provides details on the agreements through the ESC on the Financial Incentives to Industry. Section 3 provides details of the developments that took place from August 1998 to date. Section 4 reports on the status of implementation to date.