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Dar vows to rehabilitate IDPs, flood effectees as IMF agrees to give $1.1b loan

byCustoms Today Report
10/11/2014
in Business
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ISLAMABAD: Federal Finance Minister Ishaq Dar has said that his priority would now be rehabilitation of internally displaced persons (IDPs) and flood victims.

The successful negotiations with International Monetary Fund (IMF) on the fourth and fifth reviews, he said, bore testimony to the government’s better economic performance, which also augur well for the economic wellbeing of the country and its people.

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The minister said that after concluding this task which paved the way for release of $1.1 billion loan to Pakistan, he would focus on rehabilitation of flood-hit people and IDPs.

He said he was looking forward to the Donors Conference on November 11 which was aimed to generate funds for the benefit of flood victims and the large number of IDPs, who needed the government’s attention to turn over a new lease of life.

He said he would personally review arrangements for the all important event at a high level meeting on Monday at the Finance Ministry.

The minister said he hoped for a positive outcome of the conference as the international community was well aware of the economic crunch that Pakistan was facing due to the displacement of thousands of people owing to the war on terror, especially the ongoing anti-terror operation.

Pakistan, he said, had been waging the war on terror not only for its own security but also for the cause of humanity, “so they do realize they have an obligation to assist us.”

Tags: donors' conferenceFederal Finance Minister Ishaq DarfloodInternally Displaced Persons (IDPs)International Monetary Fund (IMF)loan

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