Showing posts with label Friends of Pakistan. Show all posts
Showing posts with label Friends of Pakistan. Show all posts

Tuesday, August 17, 2010

World Bank in Multi-Million Euro Loan to Pakistan

Across Pakistan people are being treated in makeshift medical centres as the country is still reeling from the devastating floods, still waiting for vital life saving aid. Now the World Bank has responded announcing it will make available immediately a loan of almost 700 million euros. 
Those funds for the relief operation come 48 hours after the UN Secretary General’s appeal and will be raised as the bank re-directs monies and changes its funding priorities. International agencies are continuing to stress the risk of disease.

Swimming in the waters which have already claimed the lives of an estimated 1600 people is one of the latest threats. The UN fear up to three and a half million children are at risk from disease infected waters.

“People are swimming in floodwater, water that’s picked up all the dirt and germs that were in the ground and in places where sanitation standards were lacking, people are bathing in contaminated water. Obviously that carries a health risk for the people,” explained Thomas Batardy from Medecins Sans Frontiers

The World Bank’s loan is a boost. Questions still remain over the long term stability of Pakistan one of the poorest countries in Asia with a government under fire for its response to the tragedy.
Copyright © 2010 euronews

Monday, July 19, 2010

The Nation - July 19



Time to exit WOT 


The Friends of Democratic Pakistan met in Islamabad on Saturday and Pakistan’s Foreign Minister informed them of the losses suffered by Pakistan in terms of civilian and military personnel killed, as well as the financial losses due to lost markets, investments and trade. He also made it clear that unless the FoDP fulfilled its commitments, Pakistan could not, as he put it, “win” the war against terror. Apparently, there was an agreement to start implementing the Integrated Energy Sector Recovery Report. However, the real point was once again missed by the FoDP and it would seem by the Pakistani government as well: that unless Pakistan is given the access to the markets of the US and EU, it will continue to suffer economically because of the disastrous US-led “war on terror”. Already, since 9/11 Pakistan has suffered losses of over $ 43 billion. Even more critical, it has lost 3000 civilians, and 2,550 security personnel as well as over 7000 citizens injured. And no one has tallied up the costs to the environment and the social structures of the country. In other words, what the Pakistani government should be doing is informing the FoDP that it simply cannot afford to remain in this US-led mess of a war anymore since the costs on all fronts are too great and the main players like the US have failed to live up to any of their commitments. As for the FoDP, they have been holding continuous meetings but nothing substantive has come Pakistan’s way from them. In fact, the IMF and World Bank continue to insist on distortions in our economy that target the poor more than the rich. If anything, the IMF and the economic managers thrust on the country by them will lead Pakistan further down the road to economic disaster and political instability. It is time Pakistan took a hard line posture towards what is fast becoming the farce of the FoDP.