Amidst a rapid devaluation of the US dollar and mounting concerns regarding illicit dollar speculation, exchange firms have initiated the process of depositing their dollar reserves into the State Bank of Pakistan, as reported by ARY News on Thursday. This move by exchange companies is primarily ...

ISLAMABAD – A team of Pakistani engineers working with the United Nations Missions in South Sudan are now reinforcing hundreds of kilometres of dykes they built some two years ago to save communities in the Unity State from the relentless floods and leaching mud, the UN said. When the water ...

The Asian Development Bank has approved $554 funds for Pakistan to assist it in its post-floods rehabilitation and reconstruction efforts, reported 24NewsHD TV channel on Monday. The ADB will provide $3 million in technical assistance while the Government of Japan is providing $5 million. The ...

Pakistan has received only 38% of the flood assistance under the United Nations funds appeal. Sources revealed that Pakistan got $179 million in flood aid which becomes only 38% of the funds appeal raised by the United Nations. The country is yet to receive 62% of the flood assistance. Sources ...

Pakistan will ask international lenders for billions of dollars worth of new loans to rebuild the country after calamitous floods uprooted 33mn people and pushed its cash-strapped economy even closer to insolvency, reported Financial Times link. Prime Minister Shehbaz Sharif said Islamabad was ...

The World Bank (WB) will provide $850 million in aid to 34 flood-affected districts of Pakistan, reported 24NewsHD TV channel on Monday. As per the official sources, Dera Ghazi (DG) Khan and Rajanpur are among the districts that are receiving the aid. The representatives of the United Nations ...

NEW YORK – The United Nations General Assembly on Friday passed a resolution, calling for increased global financial support after massive floods killed more than 1,700 people in Pakistan. The resolution, passed by consensus in the 193-member body, emphasized the necessity to help the flood-hit ...

BERLIN – Germany Friday announced a further ten million euros aid for flood victims of Pakistan. German Foreign Minister Annalena Baerbock announced it at a joint presser along with her Pakistani counterpart Bilawal Bhutto Zardari in Berlin. Expressing sympathy with the families suffering due ...

Hollywood star and humanitarian Angelina Jolie has said the flood disaster in Pakistan should be a "wake-up call" for the world. Explaining the severe trauma, Jolie took to her Instagram and shared her experience of visiting the flood-hit areas in the country. Sharing some pictures from her ...

BEIJING: Hours after US Secretary of State Antony Blinken called on Pakistan to seek debt relief from China so that it can more quickly recover from the floods devastations, Chinese Foreign Ministry Spokesperson Wang Wenbin on Tuesday said that his country was doing all it can to help ...