Pakistan clinches over $10bn flood aid pledges at Geneva donors' conference

[Enigma SIG]

Billo Rani will spend 8 billion USD on tampons for himself.

 

[truthseeker2010]

Be it loan or aid, in the end its all a pledge, just like politicians do before election. How much of these will actually come to forex reserves remains to be seen. And it wont be much. So this "achievement" will be used mostly for sloganeering .

 

[muhammadhafeezmalik]

Nah, I criticized PTI for the same thing. Instead of substantially increasing domestic revenue, they relied heavily on remittance.

Funny how you're trying to do a "gotcha" moment and spectacularly failing at it.

The difference between PTI and PDM is that PTI increased revenue, while PDM is decreasing it. So at the very least PTI tried to fix the situation.

It was refereed to all supporters of PTI not only you, PTI termed aid as Package and now they are terming it Bheek.

https://twitter.com/x/status/1066589020501745664

Billo Rani will spend 8 billion USD on tampons for himself.

اس کو پنجابی میں کہتے ہیں "گٹے جوڑ کر جھوٹ بولنا"

 

[hunter_hunted]

Amber heard also "Pledged" to give amount in Charity but never gave.

 

[Gripen9]

Almost $8B are loan pledges from various banks that need to be repaid.
It will end up in these corrupt jokers’ pocket and they will do a runner at the end of their term. Leaving people of Pakistan further indebted and holding the proverbial shit bag.

 

[flameboard]

This money will go to pay loans and pad the pockets of the corrupt.

SMH

 

[That Guy]

It was refereed to all supporters of PTI not only you, PTI termed aid as Package and now they are terming it Bheek.

https://twitter.com/x/status/1066589020501745664

اس کو پنجابی میں کہتے ہیں "گٹے جوڑ کر جھوٹ بولنا"

Yeah, well, talk to me then. I'm not other PTI supporters.

 

[muhammadhafeezmalik]

The current government faces another setback..
In Geneva Praise for Imran Khan's telethon in the presence of the government delegation at the conference on flood victims,
it is impossible to minus Imran Khan.

It was not setback, PDM government took KP Minister on finance Taimur Jhagra in the conference and he was giving a presentation on the initiatives taken by the province and his party. He was trying to tell the doners that we had collected enough money through telethon of Imran Khan so no need for any aid for KP province. So accordingly PDM government will not share any amount with KP. Ab rona naheen

 

[Areesh]

Ab rona naheen

Tum daku waisai kaun sai paisai dai rahai ho

 

[Catalystic]

So geneva trip results is pretty much nothing….

 

[maithil]

Geneva conference: the jig is up?​

Like clockwork. As reports of pledges began to trickle in from Geneva, Pakistani policymakers and commentators began cautious celebration – like Israelites being delivered from their forty years in the wilderness. By the time these pages hit the press, Pakistan’s delegation was bringing home $10 billion+ in commitments, exceeding targeted financial assistance for post-flood reconstruction. ‘Are Pakistan’s immediate term balance of payment woes over?’, whispered many with disbelief. Is it time to break out the proverbial champagne - that is - roll out the red carpet of an expansionary fiscal bonanza?

Before answering that question, an important segue. The nervous nail-biting by Pakistan’s intelligentsia over the fate of Geneva pledges betrays a sense of desperation. A desperation that has infected both the policymakers and the larger public like an epidemic. If the speeches at yesterday’s conference are any guide, the global community to recognize Pakistan’s problem. Unfortunately, the problem appears to most delegates was not the plight of climate victims, but a drug addict’s need for his next fix.

As impressive as the $10 billion roped in at the conference might appear, Pakistan’s thinly veiled attempt to use the post-flood ‘opportunity’ to bail itself out of the dollar crisis is evident to the donor community. The prime minister used the forum to plead with the IMF, asking the Fund to “have some heart”.It seems neither the Fund nor the world is buying it.

As realization sank in, a last-ditch attempt was made to rebrand the conference from building “climate resilience” to contributing to “reconstruction and rehabilitation”.All hands were on board to play up the humanitarian angle and urgency for aid (read: dollars), instead of securing longer commitments to help build resilience against the effects of climate change. Pakistan’s prime minister, for example, declared that the way out of the catastrophe was “rapid economic growth”, an anathema to climate activists seeking to transform traditional development models. Similarly, the finance minister urged the need for budgetary support and fiscal space, ‘so that commitments to IMF could be honored’ – then went on press the development partners for everything from “debt swaps” to “external debt sustainability”; anything, but long-term treatment.

But if the world didn’t buy it, why would the commitments meet – nay, exceed the target? Consider the following advice from the UK’s secretary of state for International Development, who reportedly urged Pakistan to “swiftly conclude the 9th review of the IMF program to build confidence among partners… that Pakistani taxpayers are seen playing a core part in this effort”.

As the sun set in Geneva, the cautious celebration gave way to muted melancholy back home. Policymakers and commentators realized that dollars weren’t going to flood in after all, at least not like Zia’s war or Coalition Support Fund.

As the eighth most vulnerable country to climate change, Pakistan had asked the world to help build resilience against future disasters. That entails capacity building and a transformation of governance structures, not financing another fiscal stimulus to boost cement and steel demand under the pretense of flood victims’ rehabilitation. In fact, the global community has kept its end of the bargain. Now, it is up to Pakistan to live up to hers.

But that would mean signing up for rehab to address our strongly rooted ways, for which we are simply not ready. Dangerously enough, the world knows it too.

Geneva conference: the jig is up?

Like clockwork. As reports of pledges began to trickle in from Geneva, Pakistani policymakers and commentators began...

www.brecorder.com

 

[Jango]

This is just like how Maryam Aurangzeb jubilantly tweeted after Shahbaz's visit to KSA, as if rivers of honey and milk were going to flow the next day.

Then after a week the reality set in, and not a single dollar has materialized till yet. Same is the case here.

 

[Verve]

Hopefully this would make it easier for me to cash out from Pakistan. Not worth leaving majority of assets in the country.

 

[muhammadhafeezmalik]

This is just like how Maryam Aurangzeb jubilantly tweeted after Shahbaz's visit to KSA, as if rivers of honey and milk were going to flow the next day.

Then after a week the reality set in, and not a single dollar has materialized till yet. Same is the case here.

They already given $3 billion for next three years at that time, now that amount will be raised till $5 billion plus $10 billion as investment

MBS directs to study augmenting Saudi Arabia’s investments in Pakistan to reach $10bn: SPA

Saudi Development Fund (SDF) also directed to study increasing amount of the deposit in favour of the SBP to hit $5bn ceiling

www.brecorder.com

 

[Fasbre2]

Awesome news, superb piece of begging, now sell your shirt and bring back the billions your family stole from the country… (NS/SS and family)…