Pakistan Prime Minister Shehbaz Sharif made an urgent appeal for debt relief from rich nations as catastrophic floods exacerbated by climate change displaced millions of people in the South Asian nation. Know more:
Pakistan Prime Minister Shehbaz Sharif made an urgent appeal for debt relief from rich nations as catastrophic floods exacerbated by climate change displaced millions of people in the South Asian nation.
The floods have submerged a third of the country and killed more than 1,500 people. United Nations Secretary General Antonio Guterres hasthe international community to help Pakistan financially as damages caused by the floods exceed $30 billion. He noted a “yawning gap” between what Pakistan is asking for and what is available, warning that the nation is facing the imminent threat of epidemics and other dangers. “God forbid this happens, all hell will break,” Sharif said.a $1.1 billion loan from the IMF to avert default as political turmoil and the deadly flooding threatened the country’s economy. The IMF also increased the nation’s bailout package to $6.5 billion.
Sharif took power in April after former Prime Minister Imran Khan was ousted in parliament following a high-profile clash with the military, which has ruled Pakistan for more than half of its history and retains significant power. Now in opposition, the ex-cricket star has gained momentum holding protest rallies to demand snap elections that must be held by October 2023, though he faces legal trouble that could see him disqualified.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Duterte to attend former Prime Minister Shinzo Abe’s state funeralVICE President Sara Duterte will attend the state funeral of former Japan Prime Minister Shinzo Abe next week.Duterte said on Wednesday, September 21, 2022, that she will go to...
Read more »
Japan to let individual tourists enter visa-free from 11 October: NikkeiJapan will remove the cap on the number of people entering the country, Prime Minister Fumio Kishida said.
Read more »
Israeli PM Lapid backs two-state solution with PalestiniansIsraeli Prime Minister Yair Lapid's mention of a two-state solution, the first by an Israeli leader in years at the United Nations General Assembly, echoes US President Joe Biden's support in Israel in August for the long-dormant proposal.
Read more »
Japan leader affirms vow to help PHL attain middle-income status - BusinessMirrorThe country is now expected to get more economic assistance from Japan to help reach its goal of attaining upper middle-income status before the end of the administration of President Ferdinand R. Marcos Jr. Japanese Prime Minister Kishida Fumio made the commitment to President Marcos during their meeting on the sidelines of the 77th United Nations General Assembly
Read more »