No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

International community announces over 10 billion dollars aid for flood victims of Pakistan

Zain Aijaz by Zain Aijaz
January 10, 2023
in Featured, Latest News, National, News, Politics, Top News, World
Reading Time: 1 min read
International community announces over 10 billion dollars aid for flood victims of Pakistan

International community and financial institutions have come forward to help the flood victims of Pakistan by announcing flood aid of over 10 billion dollars in the International Conference on Climate Resilient Pakistan. The Islamic Development Bank, World Bank, Asian Development Bank, Saudi Arabia, Asian Infrastructure Bank, European Union, China and France have pledged to help Pakistan. Turkey, Switzerland, Norway, Russia and Japan have also promised to participate in rehabilitating the flood victims across the country.

The Climate Resilient Pakistan conference took place in Geneva, Switzerland, on Monday. Prime Minister Shehbaz Sharif and United Nations Secretary-General Antonio Guterres jointly hosted the conference. PM Shehbaz Sharif presented a plan for the rehabilitation of flood victims and the rebuilding of infrastructure.

The plan stated that Pakistan needs $16.5 billion for affected areas, out of which $10 billion will be spent on basic facilities & infrastructure and over $4 billion to restore business activities.

During the conference, several countries stepped up to support Pakistan. The United Kingdom pledged £540 million, China announced $10 million, Germany was determent to provide €84 million, while Japan said to extend $77 million in aid.

The Islamic Development Bank announced an aid of $4.20 billion. The Asian Development Bank approved an emergency flood relief package of $557 million. French President Emmanuel Macron promised to issue $10 million for flood affectees.

During the conference, Federal Finance Minister Ishaq Dar said that the economy of Pakistan is severely affected due to floods. He thanked the nations that have extended their helping hand towards Pakistan. PM Shehbaz Sharif said he was grateful for the participation of different nations in the conference. Shehbaz Sharif added people of Pakistan would always remember the support of UN Secretary-General Antonio Guterres and the international community that helped in the time of trouble.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

Related Posts

Killed
Latest News

Young trader killed during robbery bid in Karachi

December 2, 2024
KSE-100 index lose over 500 points as PSX experiences negative trend
Business

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

December 2, 2024
PTI suspends Islamabad protest following deadly clashes, appeals for justice
Featured

PTI suspends Islamabad protest following deadly clashes, appeals for justice

November 27, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Killed

Young trader killed during robbery bid in Karachi

by News Desk
December 2, 2024

A 22-year-old trader was tragically shot dead during a robbery attempt on New M.A. Jinnah Road on Sunday evening, according...

KSE-100 index lose over 500 points as PSX experiences negative trend

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

by News Desk
December 2, 2024

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Monday as the benchmark KSE-100 index surged 1,248.84 points, or...

PTI suspends Islamabad protest following deadly clashes, appeals for justice

PTI suspends Islamabad protest following deadly clashes, appeals for justice

by News Desk
November 27, 2024

The Pakistan Tehreek-e-Insaf (PTI) announced the suspension of its Islamabad sit-in early Wednesday after a day of intense clashes in...

PSX in boorish trend for second consecutive day; benchmark KSE-100 index lost over 700 points

KSE-100 Index surges over 600 points amid banking sector rally

by News Desk
November 25, 2024

Bullish sentiment dominated the Pakistan Stock Exchange (PSX) on Monday as the KSE-100 index climbed 621.85 points, or 0.64 per...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version