Following Prime Minister Shehbaz Sharif's appeal for international assistance in flood relief programs, global institutions have announced immediate aid of more than $500 million for the assistance of flood victims.
According to state-run Radio Pakistan, the Prime Minister's Office announced that representatives of international organizations have expressed full confidence in the prime minister's rehabilitation and disaster management measures.
The institutions have agreed to give Pakistan over $500 million in aid, and the funds are expected to be transferred this week. They will be transferred to Prime Minister Shehbaz Sharif's flood relief cash program, under which each affected family is set to receive Rs25,000.
During a meeting in Islamabad with international partners on Thursday, Prime Minister Shehbaz Sharif said that the government is utilizing all its resources for relief and rescue operations in affected areas. The government, he said, also has plans for rehabilitation and reconstruction of damaged infrastructure.
World Bank Country Director Najy Benhassine informed the Prime Minister about the emergency assistance of $350 million from the World Bank. The aid will be provided in full by the end of this week, and the organization will collaborate with Pakistan to come up with a comprehensive plan for the restoration of infrastructure after the estimation of damages.
Similarly, the World Food Program, a subsidiary of the United Nations, announced $110 million in aid for the flood victims, while the Asian Development Bank pledged $20 million, and UK Aid announced an immediate aid of 1.5 million pounds. UK Aid also announced 38 million pounds for medium and long-term projects for the rehabilitation of flood victims.
According to state-run Radio Pakistan, the Prime Minister's Office announced that representatives of international organizations have expressed full confidence in the prime minister's rehabilitation and disaster management measures.
The institutions have agreed to give Pakistan over $500 million in aid, and the funds are expected to be transferred this week. They will be transferred to Prime Minister Shehbaz Sharif's flood relief cash program, under which each affected family is set to receive Rs25,000.
During a meeting in Islamabad with international partners on Thursday, Prime Minister Shehbaz Sharif said that the government is utilizing all its resources for relief and rescue operations in affected areas. The government, he said, also has plans for rehabilitation and reconstruction of damaged infrastructure.
World Bank Country Director Najy Benhassine informed the Prime Minister about the emergency assistance of $350 million from the World Bank. The aid will be provided in full by the end of this week, and the organization will collaborate with Pakistan to come up with a comprehensive plan for the restoration of infrastructure after the estimation of damages.
Similarly, the World Food Program, a subsidiary of the United Nations, announced $110 million in aid for the flood victims, while the Asian Development Bank pledged $20 million, and UK Aid announced an immediate aid of 1.5 million pounds. UK Aid also announced 38 million pounds for medium and long-term projects for the rehabilitation of flood victims.