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Reading: PM Shehbaz promises transparency in expenditure of flood relief
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PakistanEconomy

PM Shehbaz promises transparency in expenditure of flood relief

Prime Minister Shehbaz Sharif praised the team's efforts at the Geneva Conference and pledges transparency in allocating the $9.7 billion provided by the international community.

News Desk
By News Desk Published January 11, 2023
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Image Credits: EastMojo

On Wednesday, Prime Minister Shehbaz Sharif praised the team’s efforts at the Geneva Conference and guaranteed that the worldwide financial assistance pledged by Geneva moot participants will be applied to the rebuilding of the flood victims transparently.

The minister made the statement on Monday during a news conference in Islamabad, where he was joined by Prime Minister Shehbaz Sharif and other federal cabinet members, to discuss the “success” of the global conference on Pakistan’s flood recovery that was held in Geneva, Switzerland.

Prime Minister @CMShehbaz addressing a news conference along with Cabinet Members in Islamabad https://t.co/a51Wece0H6

— Radio Pakistan (@RadioPakistan) January 11, 2023

At a news conference in the nation’s capital, PM Shehbaz stated the Geneva Conference was a success and that this was because of the nation’s prayers and good wishes. He was joined by federal ministers. To help the flood victims get back on their feet, he said that the government will use all available resources.

He claimed that the Islamic Development Bank (IDB) officially confirmed the largest amount of aid—$4.2 billion—followed by the World Bank ($2 billion), the Asian Infrastructure Development Bank ($1 billion), the Asian Development Bank ($500 million), Japan ($77 million), Italy ($23 million), and Qatar ($25 million).

The government of Pakistan was appreciative of the kingdom for its dependable assistance at a time of need, the PM said, adding that Saudi Arabia has committed $1 billion. He said that the US had also committed $100 million to help flood victims.

Additionally, Mr Sharif commended Ministers of Finance Ishaq Dar, Minister of Climate Change Sherry Rehman, and Minister of Information Marriyum Aurangzeb for their efforts to persuade nations and international financial institutions to open their wallets. He claimed that Pakistan’s political adversaries did all in their power to damage the country and sow discord among the populace.

TAGGED: flood relief, Geneva Conference, Pakistan's Economy, Shehbaz Sharif
By News Desk
The author is the Times of Pakistan news desk team.
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