Global aids pour in for Pakistan: Islamabad to get $9 bn as flood relief!

NewsBharati    10-Jan-2023 11:26:25 AM
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Islamabad, Jan 10: Bankrupt Pakistan has convinced the world of financial aid as international donors on Monday committed over $9 billion to help Islamabad recover from ruinous floods last year at the International Conference on Climate Resilient Pakistan in Geneva.
 
Global aids pour in for Pakistan: Islamabad to get $9 bn as flood relief!
 
Over 40 countries as well as private donors and international financial institutions gathered at a meeting in Geneva as Islamabad sought funds to cover around half of a recovery bill amounting to $16.3 billion.
 
The meeting's co-hosts, the United Nations and Pakistan's government, said more than $9 billion had been pledged from bilateral and multilateral partners.
 
Among the donors were the Islamic Development Bank ($4.2 bln), the World Bank ($2 bln), Saudi Arabia ($1 bln), as well as the European Union and China, Pakistan Information Minister Marriyum Aurangzeb said. France and the United States also made contributions.
 
Around eight million people were displaced, and at least 1700 died due to the floods