PM outlines comprehensive post disaster 3-year infrastructure framework

News Image

By Laiba Ellahi | January 09, 2023 at 03:19 PM GMT+05:00

0:00

January 09, 2023 (MLN): Prime Minister Shahbaz Sharif on Monday presented a comprehensive framework plan for flood recovery and rehabilitation of Pakistan while addressing the International Conference on Climate Resilient Pakistan organized by the United Nations (UN).

The completion of the plan will take three years. The PM called upon the international community to support Pakistan financially.

He further stated that the scale of financial burden on Pakistan from floods is $33 billion which is 8% of the country’s GDP.

“The most important link for this framework will be the financial resourcing,” he said.

He further added that the first part of the framework will focus on flood recovery and reconstruction while the second part will prioritize reconstruction of highways and railways as well as setting up of a warning system.

While Bilawal Bhutto, Foreign Minister said, "Half of the framework will be implemented from Pakistan’s own resources while the remaining half would be covered through international aid."

As stated in, Pakistan’s Resilient Recovery, Rehabilitation and Reconstruction Framework, which it presented during Monday’s conference, $16.3 bn will be needed altogether.

PM Shahbaz thanked the friendly countries for helping save thousands of lives and restoring communication in affected areas through immediate funding. 

During the same session, UN Secretary-General Antonio Guterres called for “massive investments” to help Pakistan recover from last year’s devastating floods, saying the country was “doubly victimized” by climate change and a “morally bankrupt global financial system”.

“No country deserves to endure what happened to Pakistan,” he said while expressing solidarity with people of Pakistan.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg