'Don't burden flood-hit people with more inflation', FM urges IMF

[FOOLS_NIGHTMARE]

• Bilawal says it's IMF's responsibility to ensure flood victims protected.
• He terms floods "doomsday before the doomsday".
• “Hopefully, the negotiations with IMF will remain positive."

Foreign Minister Bilawal Bhutto-Zardari Wednesday demanded that world institutions and the International Monetary Fund (IMF) not burden the country's flood-affected people with inflation.

Islamabad began its formal talks with the global lender last month to discuss an economy-rescuing plan that also includes an instalment of a $1.1 billion loan payment from a $6.5 billion bailout package, which was designed to ward off Pakistan's economic meltdown in 2019.

To meet the IMF's conditions for the critical loan, the government has already hiked petroleum prices, sending inflation through the sky and pushing power, gas, and other commodities out of the reach of income-strapped segments of society.

The revival of the bailout is vital to the nation of 220 million as the State Bank of Pakistan-held foreign exchange reserves are at a critical level of around $3 billion, for the week ended January 27 —enough to cover imports for less than a month.

While addressing a donor conference for Sindh’s flood-stricken population in Karachi, the foreign minister said: “A natural calamity like the floods was doomsday before the doomsday for us.”

Bilawal also inaugurated the release of funds to construct homes for the affectees in the province. Jointly organised by the Sindh government and the United Nations Development Programme (UNDP), the conference discussed the rehabilitation of areas impacted by catastrophic flooding in the province.

Initially, these funds will be utilised in Sindh’s eight calamity-hit districts — Larkana, Sukkur, Dadu, Hyderabad, Thatta, Shaheed Benazirabad, Umerkot and Tando Allahyar.

Addressing the summit, Sindh Chief Minister Murad Ali Shah said around 2.1 million homes were damaged during the province’s devastating floods.

The Sindh administration, meanwhile, has signed an agreement to reconstruct these homes under a public-private partnership.

Chief Executive Officer Housing Khalid Shaikh and Sindh Rural Support Programme’s Hadi Bux signed the agreement.

More than 1,700 people were killed and 8 million displaced by last year's flooding, which also destroyed about a million homes and businesses across the country of 220 million people, according to disaster management officials.

About 5 million people — mainly in Sindh and the southwestern province of Balochistan — are still exposed to floodwater months after monsoon rains and melting glaciers caused the disaster.

“Such a calamity has never occurred in history. One out of every seven Pakistani was affected by the floods in Sindh,” FM Bilawal said, while he appreciated UN Secretary-General António Guterres’ efforts in this difficult time.

“Their standing crops have been washed away and despite tiresome efforts, they have not been able to prepare their lands for the Rabi crop and may not be able to make their flooded lands fit for the upcoming Kharif crop,” Bilawal said.

The foreign minister said it was the government’s success to get more than what was asked for from global institutions.

“The floods impacted over 30 million people, while crops were destroyed across 0.5 acres of land. There is a need for $1.5 billion to construct homes in Sindh,” Bilawal said.

The PPP chairman also highlighted the support received from global financial institutions, particularly the World Bank, and spoke about the federal finance minister’s ongoing talks with the IMF.

“Hopefully, the negotiations with IMF will remain positive. It is IMF’s responsibility to provide protection to the flood victims. We are placing the burden of inflation on the IMF’s insistence and request it to ease the conditions with the nation affected by flood devastations,” the minister said.

Commenting on the relief efforts in the province, FM Bilawal insisted on targeted relief for flood-affected areas which should focus on agriculture, energy, and fertilisers.

"This will be possible when the IMF’s conditions are relaxed. We have the solution and plans for the challenges and problems being faced," Bilawal added.

'Don't burden flood-hit people with more inflation', FM urges IMF

Bilawal says it's IMF's responsibility to ensure flood victims protected.He terms floods doomsday before the doomsday.“Hopefully, the negotiations with IMF will remain positive.

www.geo.tv

 

[epebble]

Bilawal says it's IMF's responsibility to ensure flood victims protected.

No; it is the government's responsibility. If you have the cojones, tell your bosses to knock off a submarine or ship and use the money to help flood victims. IMF is just a lender; it is not your father.

 

[Dalit]

What does this imported FM think that IMF is? A charity?

 

[epebble]

What does this imported FM think that IMF is? A charity?

The government doesn't want to make the difficult decisions governments have to make: how to slice the pie and keep everyone from reaching at other's throats. So, they want to escape from that and leave the burden to IMF so that they can later tell IMF made me do it. They are the bad guy. Those nasty white guys. They always want to screw us, good innocent people.

 

[Vortex]

• Bilawal says it's IMF's responsibility to ensure flood victims protected.
• He terms floods "doomsday before the doomsday".
• “Hopefully, the negotiations with IMF will remain positive."

Foreign Minister Bilawal Bhutto-Zardari Wednesday demanded that world institutions and the International Monetary Fund (IMF) not burden the country's flood-affected people with inflation.

Islamabad began its formal talks with the global lender last month to discuss an economy-rescuing plan that also includes an instalment of a $1.1 billion loan payment from a $6.5 billion bailout package, which was designed to ward off Pakistan's economic meltdown in 2019.

To meet the IMF's conditions for the critical loan, the government has already hiked petroleum prices, sending inflation through the sky and pushing power, gas, and other commodities out of the reach of income-strapped segments of society.

The revival of the bailout is vital to the nation of 220 million as the State Bank of Pakistan-held foreign exchange reserves are at a critical level of around $3 billion, for the week ended January 27 —enough to cover imports for less than a month.

While addressing a donor conference for Sindh’s flood-stricken population in Karachi, the foreign minister said: “A natural calamity like the floods was doomsday before the doomsday for us.”

Bilawal also inaugurated the release of funds to construct homes for the affectees in the province. Jointly organised by the Sindh government and the United Nations Development Programme (UNDP), the conference discussed the rehabilitation of areas impacted by catastrophic flooding in the province.

Initially, these funds will be utilised in Sindh’s eight calamity-hit districts — Larkana, Sukkur, Dadu, Hyderabad, Thatta, Shaheed Benazirabad, Umerkot and Tando Allahyar.

Addressing the summit, Sindh Chief Minister Murad Ali Shah said around 2.1 million homes were damaged during the province’s devastating floods.

The Sindh administration, meanwhile, has signed an agreement to reconstruct these homes under a public-private partnership.

Chief Executive Officer Housing Khalid Shaikh and Sindh Rural Support Programme’s Hadi Bux signed the agreement.

More than 1,700 people were killed and 8 million displaced by last year's flooding, which also destroyed about a million homes and businesses across the country of 220 million people, according to disaster management officials.

About 5 million people — mainly in Sindh and the southwestern province of Balochistan — are still exposed to floodwater months after monsoon rains and melting glaciers caused the disaster.

“Such a calamity has never occurred in history. One out of every seven Pakistani was affected by the floods in Sindh,” FM Bilawal said, while he appreciated UN Secretary-General António Guterres’ efforts in this difficult time.

“Their standing crops have been washed away and despite tiresome efforts, they have not been able to prepare their lands for the Rabi crop and may not be able to make their flooded lands fit for the upcoming Kharif crop,” Bilawal said.

The foreign minister said it was the government’s success to get more than what was asked for from global institutions.

“The floods impacted over 30 million people, while crops were destroyed across 0.5 acres of land. There is a need for $1.5 billion to construct homes in Sindh,” Bilawal said.

The PPP chairman also highlighted the support received from global financial institutions, particularly the World Bank, and spoke about the federal finance minister’s ongoing talks with the IMF.

“Hopefully, the negotiations with IMF will remain positive. It is IMF’s responsibility to provide protection to the flood victims. We are placing the burden of inflation on the IMF’s insistence and request it to ease the conditions with the nation affected by flood devastations,” the minister said.

Commenting on the relief efforts in the province, FM Bilawal insisted on targeted relief for flood-affected areas which should focus on agriculture, energy, and fertilisers.

"This will be possible when the IMF’s conditions are relaxed. We have the solution and plans for the challenges and problems being faced," Bilawal added.

'Don't burden flood-hit people with more inflation', FM urges IMF

Bilawal says it's IMF's responsibility to ensure flood victims protected.He terms floods doomsday before the doomsday.“Hopefully, the negotiations with IMF will remain positive.

www.geo.tv

Yes it’s the others’ responsibility ! Not own responsibility !

But what to expect from the “barish zyada atthi hay, pani…. “ man ?

 

[That Guy]

Not only is it the government's responsibility to deal with the flood victims, and not a foreign organization, it is also 100% the government's fault that inflation is occurring in Pakistan and not the IMF.

Pakistanis are being led by fools, and a significant number of them believe these fools.

 

[Menace2Society]

Trying to dodge transparency.

I reckon there are hundreds in their network who worked for them during the IK government waiting for a payout from the IMF loan.

 

[Riz]

You are bunch of criminals: IMF to billo moori