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World Business Report: First broadcast 09/01/2023 22:32 GMT : Pakistan to receive $9 bln in help for flood recovery

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Pakistan to receive $9 bln in help for flood recovery

First broadcast 09/01/2023 22:32 GMT 

First broadcast 09/01/2023 22:32 GMT : Pakistan to receive $9 bln in help for flood recovery

BBC World Service - World Business Report, Pakistan to receive $9 bln in help for flood recovery

Islamabad had sought funds to recover from devastating floods last year.

Pakistan has also asked the International Monetary Fund to temporarily ease its loan conditions to enable the country to recover from the costs of last year's floods.

Pakistan is hosting the event in Geneva on Monday with the United Nations as it seeks international assistance to cover around half of a total $16.3bn recovery bill. It has been a busy day for the economy as Pakistan has also asked the International Monetary Fund to temporarily ease its loan conditions to enable the country to recover from the costs of last year's floods.   

Meanwhile, President Joe Biden and his Mexican counterpart, President Andres Manuel Lopez Obrador, are having talks in Mexico City. One of the areas they will focus on is migration. 

And it’s been almost 4 months since Russian president Vladimir Putin announced partial mobilisation. According to Putin, 318,000 troops were mobilised including volunteers. That has had an impact on the wider economy and local business owners.
 
(Picture: High angle portrait of cute girl standing on road,Swat,Khyber Pakhtunkhwa,Pakistan. Picture Credit: Getty Images)

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First broadcast 09/01/2023 22:32 GMT : Pakistan to receive $9 bln in help for flood recovery

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