AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)
Markets

Flood devastation: World Bank approves $213mn for Balochistan

  • Board of Executive Directors approves financing to improve livelihoods and essential services, enhance risk protection in communities affected by 2022 floods
Published May 26, 2023

The World Bank’s Board of Executive Directors on Thursday approved $213 million in financing for Balochistan aimed at improving livelihoods and essential services and enhancing risk protection in communities affected by the 2022 floods.

As per a statement, the financing is part of the programme agreed with the government to respond to the devastating floods that hit the country last summer and build a climate-resilient Pakistan.

“We will be working closely with the Government of Balochistan to support the affected communities by providing livelihood support and rehabilitating irrigation and flood protection infrastructures,” said Najy Benhassine, World Bank Country Director for Pakistan.

“This will not only help restore livelihoods but also protect the population by improving their resilience to potential future climate-related disasters and natural hazards. This project is part of the comprehensive package of post-floods rehabilitation and resilient-reconstruction program agreed with the authorities.”

Last year, record monsoon rains in south and southwest Pakistan followed by glacial melt in northern areas triggered flooding that impacted nearly 33 million people in the South Asian nation of 220 million, killing over 1,700 persons, while sweeping away homes, crops, bridges, roads and livestock.

As per the World Bank statement, the Integrated Flood Resilience and Adaptation Project (IFRAP) will provide housing reconstruction grants to approximately 35,100 homeowners.

“It will also help restore essential services by rehabilitating damaged community infrastructure and facilities such as water supply, irrigation, roads, and community facilities.

“Balochistan is particularly vulnerable to natural disasters due to its geographical location, socioeconomic background, and climate change,” said Yoro Sidibe, Senior Water Specialist at the World Bank.

“This project will help provide economic opportunities to the affected communities while ensuring social inclusion and participation. It will also strengthen institutional capacity in terms of preparedness and response to future disasters.”

Pakistan needs $16.3bn to recover from flood damages, says govt

WB said that the project will benefit approximately 2.7 million people in selected communities in calamity-declared districts across Balochistan. IFRAP will restore degraded watersheds and strengthen institutional capacity at both the provincial and local level.

Also read:

Comments

Comments are closed.

Sohail May 26, 2023 01:00pm
pata hai international financial institutions ko kay yahan sub paisa kha jatay hain phir bhi detay rehte hain....
thumb_up Recommended (0)
Jani Walker May 26, 2023 01:03pm
More money to be made by the corrupt.
thumb_up Recommended (0)
Usama May 26, 2023 02:35pm
Kha sy mily ga
thumb_up Recommended (0)
Muhammad Saleh May 26, 2023 02:50pm
It is not going to reach the poor people who have lost everything. Alas!
thumb_up Recommended (0)
sajid May 26, 2023 03:38pm
balochi sardaars are going to get rich by $213m thanks world bank
thumb_up Recommended (0)
Doc Asad May 26, 2023 04:22pm
More dollars in politicians' pockets :)
thumb_up Recommended (0)
Faisal May 26, 2023 04:49pm
Finally, very few is going to received from a big have been promised
thumb_up Recommended (0)