Pakistan has launched the country's first-ever Eurobond,  a move aimed at raising around $500 million for building dams in the country. Imran Khan, the country’s prime minister, released the bond on Monday.

The bond is issued by Pakistan’s Water and Power Development Authority  (WAPDA) this week, and Khan lauded the WAPDA for adopting innovative ways to fund the construction of dams. The money will be used for Diamer Bhasha and Mohmand dams.

"We cannot progress until we complete long-term projects," Khan was quoted as saying by Geo News, adding that the country has a habit of not completing its projects. 

Saying the country had been regressing since 1985, he noted the country lacked long-term projects in every sector. "Due to the absence of long-term projects, Pakistan was not able to progress," he added.

He said the country is building 10 new dams, and "Pakistan will get 10,000MW of clean energy from these dams." 

"By 2023, we will plant 10bn trees across Pakistan," Khan said, pointing towards his Ten Billion Tree Tsunami program.

He further added that Pakistan was working on long-term policies and to irrigate barren lands with floodwater and that the country was building 15 new national parks.

He touched upon the country's health sector, adding that in Pakistan, doctors, nurses, and the paramedical staff were quite a few in number compared to the overall population.

Khan praised the government's initiative to introduce health cards, adding that the country was working to establish a new "health system" in the country due to which people in rural areas will be able to afford healthcare as well.

(SAM)