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Pakistan exceeds expectations in fundraising: Bilawal

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Foreign Minister Bilawal Bhutto Zardari expressed happiness that Pakistan has surpassed the fundraising target at the International Conference on Climate Resilient Infrastructure in Geneva as the country received pledges of over $10 billion, Geo. News reported Tuesday.

At the conference, Prime Minister Shahbaz Sharif launched an $8 billion flood relief appeal, aimed at helping the country overcome the devastation caused by the devastating floods. Pakistan is in need of international aid as deadly floods ravaged the country, killing at least 1,700 people and causing more than $16 billion in damage, half of which Islamabad has financed through its own resources.

Bilawal Bhutto tweeted on Tuesday, “Today, the international community answered the prayers of 33 million flood victims in Pakistan. We exceeded all expectations and committed more than $9 billion to rebuild a resilient Pakistan.” succeeded in raising funding.”

In the same tweet, he thanked UN Secretary-General Antonio Guterres “for being our champion”.

The foreign minister retweeted a thread of tweets from the Ministry of External Affairs that broke promises made by global donors.

With an economy of $350 billion, the country received pledges of $8.57 billion by the end of the first full session, while it managed to receive over $2 billion in the second session.

Pakistan is in financial trouble after deadly floods ravaged the country, killing at least 1,700 people and causing more than $16 billion in damage – half of which Islamabad financed from its own resources. Is.

The World Bank and the Islamic Development Bank (ISDB) pledged more than $6 billion to Pakistan to support its climate recovery efforts in response to the country’s $8 billion flood appeal.

ISDB has pledged $4.2 billion to Pakistan and $2 billion from the World Bank over the next three years, while the Asian Infrastructure Investment Bank, Saudi Arabia, China, the United States and other countries have also announced support.

Pakistan needs international support to rebuild flood affected areas, Bilawal
Addressing the inaugural session, Foreign Minister Bilawal Bhutto Zardari has said that Pakistan needs substantial support from international partners over the next several years to ensure rehabilitation and reconstruction in flood-affected areas.

He said, “The Pakistan Challenge will turn recovery and reconstruction into an opportunity to build a more resilient Pakistan and an economy that is vibrant and resilient. We are committed to doing this in an open, transparent and collaborative manner.”

In his remarks, Bilawal said the conference expresses international solidarity with Pakistan as it embarks on a journey of recovery. “We see this conference as the beginning of a long-term partnership with our friends and development partners. We look forward to generous and lasting commitments from the international community,” he said.

Highlighting the recent flood devastation in Pakistan, Bilawal Bhutto Zardari said that about 33 million people, including 16 million children and 600,000 pregnant women, were severely affected by the floods. He said that even after six months many areas of Pakistan are under water. He said that we are still carrying out our relief operations and are waiting for reconstruction and rehabilitation.

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