PolicyQuick read

Forest owners deserve compensation

The Express Tribune • • 1 min read

Forest owners deserve compensation

The Express Tribune published an opinion piece by a forestry PhD arguing that forest owners in Khyber-Pakhtunkhwa deserve compensation for trees they leave standing. The writer cites IUCN findings that the K-P Forest Department holds only 7% of forests, while 93% belongs to individuals, communities and joint owners. Owners have lost the 80% royalty they once earned from harvests under contractor and Forest Development Corporation systems, the piece argues, since harvesting was banned.

The writer says owners have lost interest in planting pine, a species that cannot be felled without departmental permission. This has fuelled distrust between communities and the forest department, and legal tree cuts have drawn online criticism aimed at both the department and the owner. The piece proposes a mechanism that pays owners for standing trees, using local prices for services such as oxygen production and carbon sequestration.

The writer says a mature standing tree delivers $3,600 per year in environmental and ecosystem services, based on empirical measurement. Under this approach, owners would be fairly compensated and less likely to object to forest service use while trees stand.

At a glance

  • The K-P Forest Department owns 7% of forests, while 93% is privately, communally or jointly owned.
  • Harvest bans have ended the 80% royalty share that local owners once earned from forest harvesting.
  • The writer proposes paying owners a value for standing trees, citing $3,600 per year per mature tree.

Originally reported by The Express Tribune

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings