Tag: financial support
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World Bank to provide Pakistan $22.2 million in financial support for flood-affected farmers
In an attempt to help Pakistan’s flood-affected farmers, the World Bank will provide financial support of $22.2 million. A delegation led by the World Bank’s South Asia Regional Director for Sustainable Development, John A Roome, met with the Federal Minister for National Food Security and Research, Tariq Bashir Cheema. The discussion at the meeting focused…
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UK’s £1.5 million financial support for Pakistan flood victims termed ‘pathetically small’
The International Development Committee (IDC) of the British Parliament has called the UK’s financial support for disastrous floods in Pakistan ‘risible’. The “pathetically small” amount of support provided, according to IDC chair Sarah Champion, made her feel ashamed. She further said that by choosing to take the money out of Pakistan’s current aid, the UK…
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Flood-related losses may exceed $10 billion: Ahsan Iqbal
Planning Minister Ahsan Iqbal said that the initial economic losses caused by the floods in Pakistan cost at least $10 billion. The estimated cost was disclosed by Planning Minister on Monday, saying that Pakistan needed help from the rest of the world to deal with the consequences of climate change. Unexpected monsoon rains have caused…
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After PM Khan’s visit, Saudi Arabia revives $3 billion financial support to Pak
Saudi Arabia has agreed to revive its financial support to Pakistan, including about $3 billion in safe deposits and $1.2bn to $1.5bn worth of oil supplies on deferred payments, reports Dawn. The news was first broken by Information Minister Fawad Chaudhry. The minister took to Twitter and wrote, “Saudi Arabia announcement support Pakistan with 3…