Page 42 - Pakistan

Will consider importing vegetables, other edible items from India: Pakistan

It looks to import vegetables and other essential food items amid devastating floods

Death toll from Pakistan floods near 1,100 as international aid trickles in

The death toll from the devastating floods in Pakistan neared 1,100 Monday, as international aid began to trickle in following Prime Minister Shehbaz Sharif-led cash-strapped government's desperate appeal for aid to deal with the crisis that has displaced 33 million or one-seventh of the country's population. Pakistan's Climate Change Minister Sherry Rehman called it the "monster monsoon of the decade," while Finance Minister Miftah Ismail said the floods have impacted Pakistan's economy by USD 10 billion. At least 1,061 are dead and 1,575 injured, according to the latest data issued on Monday by the National Disaster Management Authority, the chief national organisation tasked to deal with natural calamities. It said that about 992,871 houses were totally or partially damaged, leaving millions without access to food, clean drinking water and shelter. Around 7,19,558 livestock are also dead, as millions of acres of fertile farmlands have been inundated by weeks of constant ...

Pakistan flood damage estimated to be at least $10 bn: Planning minister

Unprecedented flash floods caused by historic monsoon rains have washed away roads, crops, infrastructure and bridges, killing at least 1,000 people in recent weeks and affecting more than 33 mn

IMF revives Pakistan's EFF programme, approves $1.17-bn bailout fund

The IMF's executive board on Monday approved the revival of Pakistan's Extended Fund Facility (EFF) programme after which the cash-strapped country will receive the 7th and 8th tranche of USD 1.17 billion. Finance Minister Miftah Ismail said that the International Monetary Fund's Board has approved the revival of Pakistan's EFF program. "We should now be getting the 7th & 8th tranche of USD 1.17 billion. I want to thank the Prime Minister @CMShehbaz for taking so many tough decisions and saving Pakistan from default. I congratulate the nation," he tweeted. Pakistan and the IMF had signed the USD 6 billion deal in July 2019 but the programme was derailed in January 2020 and restored briefly in March this year before again going off the track in June. The global lender also approved to increase the loan size to around USD 7 billion and extended it till June 2023. The development follows the completion of the USD 4 billion in bilateral financing from four friendly nations, including

Saddened to see devastation caused by floods in Pakistan: PM Modi

Prime Minister Narendra Modi on Monday said he was saddened to see the devastation caused by the floods in Pakistan and hoped for an early restoration of normalcy. The death toll from the devastating floods in Pakistan neared 1,100 Monday. Pakistan Prime Minister Shehbaz Sharif-led cash-strapped government has made a desperate appeal for aid to deal with the crisis that has displaced 33 million or one-seventh of the country's population. "Saddened to see the devastation caused by the floods in Pakistan. We extend our heartfelt condolences to the families of the victims, the injured and all those affected by this natural calamity and hope for an early restoration of normalcy," Modi said in a tweet. At least 1,061 are dead and 1,575 injured, according to the latest data issued on Monday by the Pakistan's National Disaster Management Authority, the chief national organisation tasked to deal with natural calamities.

Floods wreak havoc in Pakistan, Sindh braces for more devastation

Pakistan is going through the worst-ever floods, due to monsoon rains, with over 70% of the country inundated, over 1,000 dead

Pakistan eyes IMF board's crucial meeting on bailout package today

Pakistan is eyeing an important and crucial meeting of the executive board of the IMF, which is to be held today to take a decision on a bailout package for the country

Floods inflict $10 bn loss on Pakistan's economy, says FM Miftah Ismail

The Minister however, did not have the details of the losses faced by each sector of the economy at the moment

Pakistan floods: PM Shehbaz Sharif calls emergency multi-party meeting

The floods affected the lives of millions of people after which the Pakistan government declared a national emergency

Pakistan denies use of Islamabad airspace for strike on Al-Qaeda leader

Pakistan has rejected the Taliban's claims about Islamabad's airspace being used for the US strike that killed Al Qaeda leader Ayman al-Zawahiri in July

Flood-hit Pak may import tomato, onion from India amid huge surge in prices

Amid massive surge in the prices of various vegetables and fruits in Lahore and other parts of Punjab province due to devastating floods, the Pakistan government may import tomato and onion from India, according to the market dealers here. "On Sunday, per kilogram of tomato and onion were available in Lahore's markets at around Rs500 and Rs400 respectively. However, in Sunday markets both commodities were available at Rs 100 per kg less than that of those available in regular markets," Jawaad Rizvi, a wholesale dealer of Lahore market, told PTI. He said that in the coming days the prices of commodities will increase further as the supply of vegetables from Balochistan, Sindh and south Punjab has badly been affected because of floods. "In the coming days, onion and tomato per kg prices may cross Rs700. Similarly, potato price has increased from Rs40 per kg to Rs120kg," Rizvi said. In the markets, the short supply of vegetables is because of destruction of the crops on thousands of .

Pakistan set to dodge short-term default; political turmoil grows

Pakistan needs financial help to deal with "overwhelming" floods, its foreign minister said, adding that he hoped financial institutions such as the IMF would take the economic fallout into account

Imran Khan's party trying to sabotage IMF deal, says Pak PM Shehbaz Sharif

Pakistan Prime Minister Shehbaz Sharif on Sunday accused Imran Khan's Pakistan Tehreek-e-Insaf party of trying to sabotage a deal with the IMF ahead of the Washington-based lender's crucial board meeting, asserting that self-centred politics will cause huge injustice to the country. The IMF executive board will convene on Monday to decide whether to disburse USD 1.18 billion loan tranche to Pakistan, as the country scrambles to avoid an economic collapse, amid high inflation and dwindling foreign exchange reserves. "I have never seen such self-centred politics; it will be a huge injustice with Pakistan and a big conspiracy against the country, Sharif said, while referring to the Pakistan Tehreek-e-Insaf party, on his visit to inspect flood victims in Sindh province. On Friday, Khyber Pakhtunkhwa province Finance Minister Taimur Khan Jhagra shot off a sharply-worded letter to his federal counterpart Miftah Ismail, saying it would be next to impossible to run a provincial surplus this

Death toll rises to 1,000 as torrential rains wreak havoc in Pakistan

The death toll in separate accidents caused by heavy rains across Pakistan has surged to 1,000 since the start of monsoon season on June 14, the National Disaster Management Authority (NDMA) said

Pakistan flood damage estimated at $5.5 billion, says local media

As flash floods and overflowing rivers wreak havoc across Pakistan, preliminary estimates show that the country has already suffered damages worth $5.5 billion, local media reported

HC constitutes 5-judge bench to proceed against Imran Khan in contempt case

A five-judge larger bench of the Islamabad High Court (IHC) has been former prime minister Imran Khan on the charge of contempt of court for 'intimidating a female judge'

Pakistan floods death toll crosses 1,000-mark as rainfall continues

The death toll from floods has crossed 1,000 in Pakistan and thousands more have been injured or displaced since June

Presidents of Turkey, Iran, UAE extend sympathy over Pak flood crisis

Presidents of Turkey, Iran and the United Arab Emirates have called on Pakistan Prime Minister Shehbaz Sharif and extended sympathy over the devastation caused by floods

US donates nine million pediatric, Covid-19 vaccine doses to Pakistan

In addition to those Pfizer and Moderna vaccines, the United States also recently donated four mobile testing laboratories, worth $4.6 million, to Pakistan's National Institute of Health through USAID

Pakistan devastating floods cause Sensitive Price Index to peak at 44.58%

According to State Bank of Pakistan, Sensitive Price Indicator is designed to assess price movement of essential consumer items at short intervals, on weekly basis, so as to take corrective measures