Tag: flood
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PM orders foolproof measures for possible flood conditions in eastern rivers
Prime Minister Shehbaz Sharif gave orders to related authorities on Monday to make foolproof arrangements to tackle any possible flood in eastern rivers, including Ravi, Chenab and Sutlej. He has also gave orders to related departments to create awareness among the people about the possibility of flooding. Appreciating the personnel of Rangers and Rescue 1122…
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‘Dunya ne hum par aitemaad keeya’: PM Shehbaz promises to use $9.7 billion flood donations transparently
Following substantial pledges from the international community for Pakistan’s flood rehabilitation and climate resilience building, Prime Minister (PM) Shehbaz Sharif accompanied by federal ministers, held a press conference in Islamabad to discuss the figures that the country received. On Wednesday, the premier announced that the Geneva conference proved to be successful as the world pledged…
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Donors pledge more than $10 billion for Pakistan flood recovery at Geneva conference
Pakistan has secured over $10.5 billion in pledges from international creditors at the one-day International Conference on Climate Resilient Pakistan in Geneva, which will help the cash-strapped country recover from last year’s devastating floods.
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World Bank approves $1.69 billion financing for flood-hit Sindh
The Board of Executive Directors of the World Bank approved funding for five projects totaling $1.692 billion on Tuesday in order to support those residing in Sindh, Pakistan’s flood-affected areas.
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ADB approves $554 million for Pakistan flood victims
The Asian Development Bank (ADB) has approved a $554 million financing package for Pakistan flood victims. The financing, which includes a $475 million loan and a $3 million technical assistance grant from the Asian Development Bank (ADB), and a $5 million grant from the Government of Japan, will support the restoration of irrigation, drainage, flood…
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ADB to provide up to $2.5 billion under flood relief support to Pakistan
The Asian Development Bank (ADB) announced on Wednesday that it would provide support of $2.3–2.5 billion for relief efforts in the wake of disastrous floods that have left Pakistan severely damaged. The declaration was made during a meeting between Pakistan’s ADB Country Director Yong Ye and Finance Minister Ishaq Dar, as per a press release…
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World Bank proposes $2 billion for flood-ravaged Pakistan
The World Bank has proposed $2 billion in finance to jump-start infrastructure restoration and rebuilding following severe flooding. Martin Raiser, the new Vice President of the World Bank for the South Asia Region, revealed that he had just returned from his first official trip to the country that had been devastated by floods and reaffirmed…
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Pakistan is out of danger, there is no risk of the country going bankrupt: Miftah Ismail
The present coalition government has lifted Pakistan out of danger, according to Federal Finance Minister Miftah Ismail, as there is no chance of the nation becoming bankrupt. In an interview during Geo News show “Aaj Shahzeb Khanzada Kay Sath” on Monday, the minister stated that Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan had put the country…
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Weekly inflation decreases only 0.58 per cent from record high
According to Pakistan Bureau of Statistics (PBS), the Sensitive Price Index (SPI) for the week ending September 8, 2022, decreased by 0.58 per cent as a result of falling food prices. In comparison to the previous week’s record high of 45.50 per cent, the yearly trend shows an increase of 42.70 per cent. The year-on-year…
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Intraday trade: PKR resumes downward spiral against US dollar, falls to Rs223
The Pakistani rupee was trading between Rs222-223 on Wednesday as losses against the US dollar persisted in the early hours of trading. During intra-day trading, the rupee was quoted at Rs222.49 at roughly 10:30 am, depreciating by Rs1.07 or 0.48 per cent against the US dollar. The local unit lost for the third session in…