Int’l community pledges USD 8.57 bn to Pakistan on flood damage at UN conference in Geneva

 

Islamabad/Geneva:  Pakistan said on Monday that the international community generously responded to its call for support by pledging more than USD 8.5 billion to help the cash-strapped country rebuild in a climate-resilient manner after last year’s ravaging floods that killed 1,739 people and affected 33 million people.

Prime Minister Shehbaz Sharif had sought USD 8 billion assistance over the next three years in his remarks earlier in the day at the opening session of the ‘International Conference on Climate Resilient Pakistan’ in Geneva, which he co-hosted with United Nations Secretary General Antonio Guterres.

“The first part of the plan reflects the recovery and reconstruction, bearing in mind that the minimum funding of USD 16.3 billion is required, half of which will be met with domestic resources, half from foreign resources,” Sharif said.