“We will take two to three measures, which also include flood levy”, said the finance minister. Dar also revealed that almost 90% of the pledges made by the international community at the Geneva conference for flood-hit Pakistan were project loans that will be disbursed over the next three years. The prime minister said that we should not indulge into debate whether the pledges were loans or grants and added the money should be used for the rehabilitation of the flood-affected areas. Responding to a question on how soon he expects the pledges to turn into actual inflows, the prime minister said that depended on “us”. “After $9.7 billion pledges, the average per annum needs will be met from domestic sources come around Rs650 billion that we can comfortably meet,” said Dar.

Source: The Express Tribune January 13, 2023 02:29 UTC