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| India-Pakistan |
| Pakistan Eyes 'Mega Undertaking' Amid Economic Downfall |
| 2022-10-20 |
| [Khaama(Afghanistan)] Pakistain is seeking billions of dollars in loans for ’mega undertakings’ after a record-breaking monsoonal rainfall led a large part of the country to flood through the residentials and farmlands. Pakistain estimated the total losses from flood could be as high as $40 billion — $10 billion, according to sources, a figure more than the government’s initial estimate. Prime Minister Shehbaz Sharif said Islamabad was not trying to reschedule its external debt, worth about $130bn, but it did need "huge sums of money" for "mega undertakings", according to the Financial Times. "We are not asking for any kind of measure [such as] a rescheduling or a moratorium," Sharif told the Financial Times. "We are asking for additional funds." Mega undertakings will include rebuilding roads, bridges and other infrastructure damaged or washed away in a deluge scientists have linked to climate change. "There is a gap — and a very serious gap — which is widening by the day between our demands and what we have received," Sharif said at his home in Lahore’s upscale Model Town neighborhood. |
| Posted by:Fred |
| #5 I think that much was given to a Gender Studies school in Karachi. Just talking out loud here. |
| Posted by: swksvolFF 2022-10-20 15:30 |
| #4 You have to understand, anything caused by poor planning is "linked to climate change". |
| Posted by: ed in texas 2022-10-20 11:48 |
| #3 ....linked to climate change. Sheesh, don't monsoons happen seasonally in Pak? The Monsoon of South Asia is among several geographically distributed global monsoons. It affects the Indian subcontinent, where it is one of the oldest and most anticipated weather phenomena and an economically important pattern every year from June through September, but it is only partly understood and notoriously difficult to predict.Wikipedia |
| Posted by: Vespasian Ebboting9735 2022-10-20 08:05 |
| #2 our demands and what we have received," Not 'our needs', not 'requirements'. Our demands. The maddening part is the idiocy of the world that they're gonna rush to pour as much of their taxpayers' money as they can into it before the FATF strikes again. |
| Posted by: Dron66046 2022-10-20 03:45 |
| #1 Pakistain estimated the total losses from flood could be as high as $40 billion What is worth $ 40 b in Pakistain?! |
| Posted by: Dron66046 2022-10-20 03:42 |