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Home >> World
UPDATED: 08:11, May 26, 2006
Pakistan urges int'l community to deliver more on quake aid
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Pakistan has received only 614 million U.S. dollars so far out of the total amount of above 6 billion dollars pledged by the international community for the rehabilitation and reconstruction of earthquake victims, said an official here on Thursday.

Minister of State for Economic Affairs Hina Rubani Kher said Pakistan has not accepted the amount pledged to the tune of 375 million dollars by the International Monetary Fund (IMF) during the donor conference held in Islamabad last year.

Pakistan considered only the pledged amount by the international community in terms of soft loan could be received, she said.

The government has negotiated with the international community and the donor institutions on the pledged amount of 2.8 billion dollars so far and would accept the pledged amount that would be in terms of soft loan.

The "Islamic Development Bank (IDB) has given as many as 80 million dollars and the World Bank to the tune of 50 million dollars in term of grant for the earthquake victims," she added.

She said Pakistan's economy has geared up for the last few years, enabling the Asian Development Bank (ADB) and the World Bank to give the loan as these banks meant for giving the loan in line with the country's economic performance.

"However, it is likely that the gross domestic product (GDP) of Pakistan will fall by 58 percent due to the earthquake in Oct. 8, 2005," she added.

She said that loans from the international community on Pakistan have also fallen during the current year as it stood at 37.6 billion dollars in 1990 and now it stands at 35.2 billion dollars.

Source: Xinhua

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