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Pakistan unsure flood aid conference to translate into funds

KIFI

By MUNIR AHMED
Associated Press

ISLAMABAD (AP) — Pakistani officials are increasingly concerned whether next week’s U.N.-backed conference will succeed in raising the billions of dollars needed to help survivors and launch reconstruction efforts following last summer’s devastating floods. Authorities say they need $16.3 billion, half of which will be financed from the budget. The government seeks the other half — about $8 billion — in aid donations from the international community. The United Nations and Pakistan are jointly hosting the conference on Monday in Geneva. Khalil Hashmi, Pakistan’s permanent representative to the U.N., said at a news conference on Thursday that the event aims to foster “solidarity” and support for the victims of the floods that killed 1,739 people and affected 33 million Pakistanis.

Article Topic Follows: AP National Business

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