Monday January 09, 2023

Pakistan Needed Global Support To Generate $8 billion To meet Impending Challenges: PM

GENEVA: Prime Minister Muhammad Shehbaz Sharif Monday said that considering ‘the gigantic task of resilient recovery, rehabilitation and reconstruction of 33 million flood affected people’, they were looking towards the global support to generate $8 billion to meet the impending challenge.

Addressing a joint press stakeout with United Nations Secretary General Antonio Guterres, the prime minister expressed the confidence that they would be able to generate close to about $8 billion dollars domestically and also looking towards the international community to contribute with an equal amount to support these measures.

He said in today’s “Resilient Pakistan” conference, they, in consultations with the friendly countries and global partners, had worked out a comprehensive framework over Pakistan’s resilient recovery, rehabilitation and reconstruction efforts with a robust financial mechanism.

Elaborating the large-scale devastation caused by the floods, the prime minister said it had crippled Pakistan’s economy and they with meagre resources could not cope with such a gigantic challenge.

The prime minister said that he had never witnessed such a destruction in his lifetime. About 33 million people were displaced, with 2 million houses were completely or impartially destroyed. The country’s economy suffered to the tune of $30 billon.

The prime minister thanked the UN, UNDP, World Bank and other financial institutions and friendly countries for their support and assistance to the flood victims.

The post Pakistan Needed Global Support To Generate $8 billion To meet Impending Challenges: PM appeared first on Abb Takk News.

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