My primary job now is to collect money for flood-hit people: Miftah
- Finance Minister Miftah Ismail says that my job is to collect funds for the flood-affected people of Pakistan.
- They say Pakistan needs money for flood victims.
- The IMF official says that Pakistan’s demand for easing the conditions in the IMF deal has been agreed.
Federal Finance Minister Miftah Ismail He said that Pakistan needs money for flood affected people, so collecting money for them is his current task.
“Currently, my job is to raise funds. Flood victimsHe said while talking to the media in New York.
In a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, she was requested to relax the conditions, the minister said. Accepted the request.
gave The World Bank has also been contacted, he said that Pakistan will get an additional $2 million from WB this year.
He said that the Imran Khan-led government made an agreement with the IMF and the PDM coalition government had to stick to it. However, the PML-N government got some leniency from the IMF, he said.
Miftah Ismail said that the situation in Pakistan has changed after the major floods that damaged the cotton crops in Sindh. Accordingly, Pakistan will have to import cotton this year.
“Pakistan will also have to import wheat but this will increase the current account deficit,” the finance minister said.
He also said that the present government is giving 25000 to 40 lakh rupees. Families affected by floods Each under Benazir Income Support Program (BISP), he said.
He also dismissed rumors about corruption in the flood victims’ fund and said that any such report of corruption is false and baseless.
Leaders of Muslim League-N did not forget to criticize PTI Chairman Imran Khan. Imran Khan makes a mild threat and then apologizes, saying that he is so dangerous that he apologizes to everyone.
In the first day [September 22]The Finance Minister held a virtual meeting with World Bank Vice President Martin Riser along with World Bank Country Director Naji Benhsen. Minister of State Dr. Ayesha Ghos Pasha, senior officers of Finance Division and World Bank also attended the meeting.
The Finance Minister welcomed the delegation to Pakistan and thanked the entire team for their continued support. The Finance Minister apprised the delegation about the devastating effects of floods in the country.
It was reported that one-third of the country is affected by floods and several crops, especially wheat and cotton, have been severely damaged. Such a loss will have a very negative impact on the country’s economic stability.
RISE-II and PACE-II were also discussed during the meeting.
The Finance Minister informed the World Bank team that Pakistan is nearing the completion of RISE-II. Various energy reform proposals were also discussed, particularly related to solarisation of tube wells.
The Vice President of the World Bank praised the efforts of the government in dealing with the challenges related to floods. A delegation acknowledged that the recent floods have had a devastating impact on the lives of people as well as the economy of the county.
The Finance Minister thanked the World Bank team for their continuous support and facilitation and also said that the present government is fully equipped to meet these challenges. He also told the delegation that the present government mainly focuses on climate resilient reconstruction projects.