06-11-2006, 06:28 AM
Pak has only got US$614m from intâl community pledges of US$6b so far: Hina Rabbani Khar
Friday May 26, 2006 (1017 PST)
ISLAMABAD: Pakistan has received only US $ 614 million so far out of the total amount above US $ 6 billion pledged by the international community during the donor conference held in Islamabad last year for the rehabilitation and reconstruction of earthquake victims ," minister state for economic affairs Hina Rabbani Khar informed to the media men here on Thursday.
Minister said; However, Pakistan has not accepted the amount pledged to the tune of US $ 375 million by the IMF during the donor conference and considered only the pledged amount by the international community in term of soft loan.
She said that the government had negotiated with the international community and the donor institutions on the pledged amount to US 2.8 billion so far and will accept the pledged amount that would be in term of soft loan.
"Islamic Development Bank (IDB) has given as many as US $ 80 million and World Bank to the tune of US $ 50 million in term of grant for the earthquake victims," she added.
She further said that Pakistanâs economy had geared up for the last few years and this is why the Asian Development Bank (ADB) and World Bank were ready to give the loan as these banks meant for giving the loan in line with the economic performance.
"However, it is likely that the <span style='color:red'>Gross Domestic products (GDP) of Pakistan will fall by 58 percent due to the earthquake in Oct 8, 2005 in Pakistan," she added.
She said that loan of international community on Pakistan had also fallen during the current year as it stood at US$ 37.6 billion in 1990 and now it stands at US $ 35.2 billion.</span>
Meanwhile, addressing a press conference, she said that meeting of high level panel on UN system-wide coherence in areas of development, humanitarian assistance and the environment had concluded presenting recommendations to make effective the UN system.
She further said that six countries including Pakistan, China, India had participated in the meeting , one from government and one from donors.
Minister of State for Environment Malik Amin Aslam said that the government was giving the top priority for the provision of clean drinking water to the masses throughout the country.
"As many as 150 filtration plants for the provision of clean drinking water to the masses have been made operational in the first phase whereas an overall 6000 filtration plants will be installed," minister added.
Minister further said in the current high level panel dialogue , it was focused also how to implement the global agreement regarding the environment.
Robert Greenhill Canadian president of Canadian International Development Agency, Ruth Jacoby Sweden director general for development cooperation, Josette S. Shiner USA under secretary for Economic, business and agricultural affairs were also present on the occasion.
Friday May 26, 2006 (1017 PST)
ISLAMABAD: Pakistan has received only US $ 614 million so far out of the total amount above US $ 6 billion pledged by the international community during the donor conference held in Islamabad last year for the rehabilitation and reconstruction of earthquake victims ," minister state for economic affairs Hina Rabbani Khar informed to the media men here on Thursday.
Minister said; However, Pakistan has not accepted the amount pledged to the tune of US $ 375 million by the IMF during the donor conference and considered only the pledged amount by the international community in term of soft loan.
She said that the government had negotiated with the international community and the donor institutions on the pledged amount to US 2.8 billion so far and will accept the pledged amount that would be in term of soft loan.
"Islamic Development Bank (IDB) has given as many as US $ 80 million and World Bank to the tune of US $ 50 million in term of grant for the earthquake victims," she added.
She further said that Pakistanâs economy had geared up for the last few years and this is why the Asian Development Bank (ADB) and World Bank were ready to give the loan as these banks meant for giving the loan in line with the economic performance.
"However, it is likely that the <span style='color:red'>Gross Domestic products (GDP) of Pakistan will fall by 58 percent due to the earthquake in Oct 8, 2005 in Pakistan," she added.
She said that loan of international community on Pakistan had also fallen during the current year as it stood at US$ 37.6 billion in 1990 and now it stands at US $ 35.2 billion.</span>
Meanwhile, addressing a press conference, she said that meeting of high level panel on UN system-wide coherence in areas of development, humanitarian assistance and the environment had concluded presenting recommendations to make effective the UN system.
She further said that six countries including Pakistan, China, India had participated in the meeting , one from government and one from donors.
Minister of State for Environment Malik Amin Aslam said that the government was giving the top priority for the provision of clean drinking water to the masses throughout the country.
"As many as 150 filtration plants for the provision of clean drinking water to the masses have been made operational in the first phase whereas an overall 6000 filtration plants will be installed," minister added.
Minister further said in the current high level panel dialogue , it was focused also how to implement the global agreement regarding the environment.
Robert Greenhill Canadian president of Canadian International Development Agency, Ruth Jacoby Sweden director general for development cooperation, Josette S. Shiner USA under secretary for Economic, business and agricultural affairs were also present on the occasion.