PM outlines comprehensive post disaster 3-year infrastructure framework

News Image

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

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 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,400.00 63,160.00
60,130.00
-1965.00
-3.15%
BRENT CRUDE 74.15 77.00
73.22
-2.93
-3.80%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 126.50 126.50
125.90
0.50
0.40%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 70.61 73.18
69.63
-2.60
-3.55%
SUGAR #11 WORLD 14.07 14.08
13.81
0.12
0.86%

Chart of the Day


Latest News
June 24, 2026 at 06:36 PM GMT+05:00

Shifa earns historic dual JCI honor


June 24, 2026 at 06:15 PM GMT+05:00

SCRA balance drops Rs915m to Rs26.3bn


June 24, 2026 at 05:00 PM GMT+05:00

Pakistan showcases basmati, eyes deeper EU trade ties



Top 5 things to watch in this week

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