In order to meet its financial requirements, the federal government has decided to mortgage the F-9 park in Islamabad to a get loan of about Rs500 billion through issuing bonds.
The F-9 park, also known as Fatima Jinnah Park is spread on 759 acres of land, making it one of the largest covered green areas in Pakistan.
According to a report in Dawn, the Capital Development Authority (CDA) has already issued a no-objection certificate in this regard. The proposal to mortgage the park has been included in the agenda of the meeting of the federal cabinet to be held on Tuesday.
This is not the first time that a government is planning to mortgage a national asset to get loans through national and international bonds.