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PM Shehbaz will use every cent of Geneva donations to help the flood-stricken

Geneva donations to help
PM Shehbaz will use every cent of Geneva donations to help the flood-stricken

Use “every penny” of the gifts given during a donor’s conference in Geneva, according to Prime Minister Shehbaz Sharif on Wednesday. Economic development and assistance with flood victims’ rehabilitation. His media discussion comes shortly after Pakistan received more than $10 billion in promises from donors in Geneva.

International donors recently promised Pakistan a huge sum of more than $10 billion to help it recover from the disastrous floods that struck it last year.  The event was co-hosted by Islamabad and the UN, and attendees included representatives from about 40 different countries, private contributors, and international financial institutions.

In a press conference with the Cabinet members. The prime minister opened with a press conference noting that the Geneva conference was a “success” for Pakistan.

“Be it a bilateral or multinational donation, a sum of $9.7 billion is the total amount [that was pledged], and the Islamic Development Bank (ADB) held a major share of $4.2bn of the total financial commitments,” he added.

According to the prime minister, Saudi Arabia pledged $1 billion during the summit, followed by commitments from China ($100 million), Qatar ($25 million), Canada ($18.6 million), Denmark ($3.8 million), the European Union ($87 million), France ($380 million), Germany ($84 million), Italy ($23 million), and Azerbaijan ($2 million).

The prime minister asserted that by offering the money to “friendly countries.” 

The prime minister stated that the current coalition administration had the support of world leaders. We must now use the funds to build the infrastructure and other significant industries.

He also praised Saudi King Mohammed Bin Salman for his potential plan to boost the number of deposits within the State of Bank of Pakistan (SBP) up to $5 billion.

 

“It is our turn to put in our blood and sweat in taking forward the mission to rehabilitate our people.”

The Prime Minister’s foreign policy has proven to be successful: Bilawal.

Foreign Minister Bilawal Bhutto Zardari said in his address. That the PM’s foreign policy was “successful” and that the government had “hit two targets with a single shot.”

“When I say we achieved two aims simultaneously, it implies we demolished a misconception that Pakistan is isolated,” he continued.

According to Bilawal, it is “no joke” that $16 billion is needed for flood relief. During the Covid crisis and the catastrophe brought on by the conflict between Russia and Ukraine.

The minister was dismayed by how bad things were for flood victims right now. As thousands of people were sleeping outside in abject poverty and without even the basics. “We are striving harder to restore their lives to pre-flood time at the earliest,” the minister said.

He added that it was time to join efforts to assist flood victims in escaping the chaos.

 

 

 

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