HomeNewsPM Shahbaz Sharif reports $9.7 billion in international flood aid pledges

PM Shahbaz Sharif reports $9.7 billion in international flood aid pledges

The prime minister of Pakistan announced on Wednesday that a number of nations and international organizations have pledged $9.7 billion to assist in Pakistan’s recovery from the devastating flood that killed 1,739 people in the summer.

At a recent fundraising event in Geneva, Premier Shahbaz Sharif claimed that U.N. Secretary-General António Guterres fought for the flood victims “like a Pakistani.”

At a news conference in Islamabad, Sharif pledged transparency when the money is spent, and added that the government would try to prevent a repeat of last summer’s deluge. A “doomsday before the doomsday” of the planet’s deteriorating climate occurred when one-third of the impoverished nation was submerged at one point.

More than 2 million homes were lost in the floods, which also cost more than $30 billion to repair. Prior to now, Pakistan claimed that it would pay for nearly half of the $16.3 billion in reconstruction costs. The rest was covered by donations, which were sought.

Sharif stated that he was surprised by the response to Pakistan’s appeal in Geneva. In addition to depositing $2 billion with the nation’s central bank, he claimed that the Saudi government has said it will invest $10 billion in Pakistan. This move, according to experts, would strengthen Pakistan’s fragile economy.

On Thursday, Sharif said he will fly out to the United Arab Emirates for a two-day official visit.

More than 2 million homes were lost in the floods, which also cost more than $30 billion to repair. Prior to now, Pakistan claimed that it would pay for nearly half of the $16.3 billion in reconstruction costs. The rest was covered by donations, which were sought.

Sharif stated that he was surprised by the response to Pakistan’s appeal in Geneva. In addition to depositing $2 billion with the nation’s central bank, he claimed that the Saudi government has said it will invest $10 billion in Pakistan. This move, according to experts, would strengthen Pakistan’s fragile economy.

On Thursday, Sharif said he will fly out to the United Arab Emirates for a two-day official visit.

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