Pakistan Seeks AfDB Help To Establish Natural Disaster Fund For Risk Reduction And Mitigation



ANI |
Update:
06 Oct 2021 14:48 STI

Islamabad [Pakistan], Oct 6 (ANI): There is a need to create a fund for natural disasters for disaster risk reduction, mitigation and rehabilitation, said Pakistan’s Federal Minister of Planning, Development and Special Initiatives, Asad Umar, in discussions with the new Asian Development Bank (ADB) Country Director for Pakistan Yong Ye.
It has sought to cooperate to set up a risk management unit for public-private partnership (PPP) enterprises with the assistance of the AfDB, the Express Tribune reported.
Meanwhile, the AfDB is expected to provide $ 6 billion over three years to the country to put the Pakistani economy to the test.
Pakistani Muslim League-Nawaz (PML-N) chairman and opposition leader Shehbaz Sharif last month criticized Pakistani government Tehreek-e-Insaf (PTI) claiming that the ruling party drowned the country. economy of the country under debts.
He also lambasted Imran Khan’s government over the country’s “unprecedented level” of inflation and added that during his three-year tenure he had not built a “one-cent” project. , reported the Express Tribune.
“Five million people have been made unemployed by the current government, it has become impossible for the poor to afford two square meals a day,” Shehbaz Sharif said at a session of the National Assembly in Islamabad . (ANI)


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