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  • News Desk
  • Nov 8th, 2005
  • Comments Off on ‘Donors’ conference may generate enough funds’
Pakistan on Monday expressed hope that the International Donors Conference would generate adequate financial resources to undertake the rehabilitation and reconstruction of the areas ravaged by the October 8 killer earthquake.

Pakistan has so far received Rs 8 billion from 271 national and multinational companies, while $2.45 billion has been pledged by international community.

Addressing a news conference, Information Minister Rashid Ahmad said that all necessary preparations have been made to hold the conference on November 19 to apprise the international donors of the initial assessment of the damage caused by the quake.

He said that President Pervez Musharraf would brief the international donors on the ongoing relief operation, and a damage assessment report would also be shared on the occasion.

He said he hoped that the conference would be helpful in generating adequate funding to meet the uphill task of rehabilitation and reconstruction the quake-hit areas.

The minister said that survey was being conducted in all affected areas to assess the extent of devastation.

Rashid said the government has made arrangements to provide food and other relief goods through the winter season. Arrangements have also been made for shelter and food for the quake-hit people still living in high mountainous areas, he added. He said time has not yet come to use the foreign exchange reserves, and added that foreign and domestic funding should be sufficient to meet the requirements.

He said he was confident that all promises and pledges made by the international community would be timely fulfilled. He said that the deal for F-16s had only been postponed to concentrate more on helping the survivors of the earthquake.

"We have only decided to postpone the purchase of F-16 fighters in the present crisis, but we are fully alive to country's security concerns," he emphasised.

Commenting on reports about surge in prices of cement and steel, Rashid said that the government was fully alive to the situation and immediate steps would be taken to control the prices of cement, steel and corrugated tin sheets.

He appreciated the role of religious parties in relief operation.

He said Turkish and Chinese experts were coming to conduct study of quake-hit areas. He said the government would construct houses when the study gets completed, and added that there would be no construction in the area that comes in high zoning.

He said that Tameer-e-Wattan show would be organised under the aegis of Pakistan Television Limited to raise more funds in the countries where overseas Pakistanis are in large numbers.

Copyright Business Recorder, 2005


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