According to the Geo-politik, Pakistan, which has severely mismanaged its economy, has now used the pretext of flood devastation and consequent humanitarian crisis to get international assistance.
"Almost 90 per cent of the pledges made by the international community at the donors' conference in Geneva for flood-hit Pakistan were project loans that will be rolled out over the next three years," said Pakistan Finance Minister Ishaq Dar.
Pakistan-occupied Kashmir (PoK) is on the verge of food riots as large parts of the region, including Bagh and Muzaffarabad, are facing an unprecedented flour shortage with people holding Islamabad and the PoK government squarely responsible for the acute food shortages.
Relentless storms over the last 11 days have left no part of the city untouched, flooding towns from north to south and loading inland mountains with snow.
Pakistan's economic condition is precarious with low foreign exchange reserves and large fiscal and current account deficits, has further worsened by severe flooding.
Many families in Jacobabad have little more than mere cloth to cover their temporary shelters by stagnant flood waters while temperatures have dropped to seven-degree celsius at night.
The International Conference on Climate Resilient Pakistan, co-hosted by the UN brought together Governments, leaders from the public and private sectors and civil society to secure international support for Pakistan after the devastating floods of 2022.
United Nations Secretary-General Antonio Guterres on Monday sought "massive investments" for Pakistan to help it recover from damage caused by devastating floods that ravaged the country last year.
Factors such as higher import and transportation costs, crop availability, demand and supply gap, hoarding, exchange rate issues, and the ongoing economic crisis have resulted in uncontrolled inflation in Pakistan, even on essential food items, the Dawn reported, adding that the condition wa
Researchers now have a much better understanding of how climate change can impact and cause seawater temperatures on one side of the Indian Ocean to be so much warmer or cooler than the temperatures on the other, a phenomenon that can lead to sometimes deadly weather-related events like mega
The government is ascertaining the exact levels of windfall profits extracted by the banking sector through recent currency manipulation. The policymakers may slap a tax at a rate whereby there is no threat of choking the banking sector.