AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

A donors' conference on rebuilding areas devastated by October's earthquake will focus on longer term regeneration as well as immediate humanitarian needs, the head of the UNDP said on Wednesday.
United Nations Development Programme administrator Kemal Dervis told Reuters shelter would be a top priority at a November 19 meeting in Islamabad but that agencies had to start discussing how to build employment and infrastructure as well.
"The economic devastation that comes with the physical devastation should not be underestimated," he said.
"It is not just a physical reconstruction effort but also an effort of generating economic activity that can then lead to a self-sustaining kind of situation in the medium-term."
Dervis declined to give an estimate of how much reconstruction would cost, saying assessments by the World Bank and UNDP would be ready "in two or three days".
"The infrastructure has largely been destroyed in part of these communities ... There are of course lessons to be learnt, buildings that can be rebuilt will perhaps be safer. In countries with low income levels it is very, very difficult."
Asked how worried he was about raising finances, Dervis said the United Nations was concerned, which was why UN secretary general Kofi Annan would attend the November 19 meeting.
"We will see estimates of what it will take and then we have to campaign hard so that these resources are indeed made available. We believe that the international community will make the required effort," the UNDP administrator said.
A former Turkish economy minister, Dervis said Turkey's experience of an earthquake in 1999 showed reconstruction was not just a question of building houses and restoring electricity but would take time.

Copyright Reuters, 2005

Comments

Comments are closed.