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Pakistan to materialise flood aid of over $10bn in three phases

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  • Three phases include short-term, medium-term and long-term.
  • There are four Strategic Recovery Objectives as per 4RF.
  • SRO1 seeks to rebuild governance-related physical infrastructure.

ISLAMABAD: Pakistan has managed to secure over $10.5 billion in flood pledges which would be materialised in three phases — short-term for up to one year, medium-term for up to three years and long-term for up to five to seven years period — for the reconstruction of flood-affected areas, The News reported Tuesday. 

The cash-strapped nation clinched the pledges at the one-day International Conference on Climate Resilient Pakistan in Geneva after Prime Minister Shehbaz Sharif launched an $8 billion flood aid appeal, aimed at helping the country overcome the devastation caused due to the cataclysmic floods.

The country, with a $350 billion economy, secured commitments worth $8.57 billion by the end of the plenary session I, while it managed to secure over $2 billion in the second session.

As per the Resilient Recovery, Rehabilitation, and Reconstruction Framework (4RF), there were four Strategic Recovery Objectives (SRO). SRO1 includes enhancing governance and the capacities of the state institutions to restore the lives and livelihoods of the affected people. Especially the most vulnerable SRO1 seeks to rebuild governance-related physical infrastructure that has been destroyed and damaged by the floods, as well as restores and enable a governance structure and system that fosters efficiency, effectiveness, transparency and inclusiveness.

The key will be to enable all tiers of the government to prepare and respond to natural hazards and climate change through gender-informed and community-led, structural and non-structural risk reduction measures, including through ecosystem adaptation and landscape restoration.

Strategic priorities include short-term objectives, such as improving public financial management, public procurement, audit, and anti-corruption measures while medium-term objectives, such as undertaking detailed and localised multi-hazard risk assessments and integrating data into local level decision support systems and long-term objectives, such as strengthening meteorological monitoring and early warning systems and increasing technical capacities of climate change and environmental management agencies at federal and provincial levels.

SRO2 includes restoring livelihoods and economic opportunities. It seeks to restore livelihoods and economic opportunities through a multi-sectoral approach. It has two key pillars — promoting livelihoods recovery through agriculture and employment restoration and boosting economic opportunities through commerce, industry, tourism, markets and financial interventions.

Strategic priorities include short-term objectives, such as direct cash contributions, in-kind inputs, and cash-for-work interventions as well as the restoration of jobs through e-commerce and job guarantee programmes. Meanwhile, medium-term objectives, such as rehabilitation of damaged public and private infrastructure by using employment intensive approaches and implementing business regulatory reforms and long-term objectives such as legal, policy, and institutional reforms for the development of the credit market and provision of interest free loans or community investment funds through local non-governmental organisations (NGO) without micro-finance institutions.

SRO3 includes ensuring social inclusion and participation. It seeks to ensure that no one is left behind and that mainstreaming approaches are taken so that social inclusion leads to social sustainability. Strategic priorities include short-term objectives, such as the provision of protection services, psychosocial support, and the adoption of community-driven development approaches.

Meanwhile, medium-term objectives include establishing missing facilities and more robust protection for those more vulnerable to violence, tracking and exploitation and long-term objectives such as the acceleration of community-level disaster preparedness activities with social inclusion and gender equality sensitivity, school meals programmes targeting for the most vulnerable, multi-purpose cash grants for the most vulnerable (women and children) and rehabilitation of flood-affected heritage sites.

SRO4 includes restoring and improving basic services and physical infrastructure in a resilient and sustainable manner. It seeks to restore basic social services for the affected communities and carry out resilient infrastructure rehabilitation and reconstruction, support led by strengthening human capital, institutions, and policies to respond to future disasters.

Strategic priorities include immediate and short-term objectives, such as supporting reconstruction and rehabilitation of housing, prioritising the most vulnerable, repairing and improving existing physical infrastructure, repairing water infrastructure and strengthening weak sections before the next monsoon. 

The medium-term objectives include a detailed technical evaluation of damaged transport and communication infrastructure, improvement of contingency plans and their performance in the health sector and long-term objectives, such as the establishment of a regulatory framework and tariff structure for Water, Sanitation and Hygiene (WASH) and municipal services, enhancing the disaster resilience of the energy distribution network, a flood susceptibility analysis of the entire infrastructure network, and climate and disaster-resilient rehabilitation of irrigation, drainage, dams, and dikes.

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Malir Industrial Park is introduced by SIFC.

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The establishment of “industrial parks” by the Pakistan Economic Zone Development and Management Company and the Special Investment Facilitation Council aims to attract investors and stimulate the economy.

First up is the Malir Industrial Park, which gives companies access to important trade and transportation channels. This park will be different from heavy industry parks in that it will concentrate on small industries and diverse industrial offices. Among Karachi’s industrial zones, it would be noteworthy for providing security and necessary infrastructure.

In order to lower unemployment, the initiative intends to generate more than 200,000 jobs in the first five years. To increase the advantages of the program, the Korangi Association of Trade and Industry will become a member of the Malir Industrial Park Advisory Council.

The park will have easy access to Karachi Port and Jinnah International Airport due to its strategic location at the convergence of key highways, such as the National Highway and Malir Motorway. This would guarantee effective access to both domestic and foreign markets.

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The Saudi crown prince and PM Sharif promise to increase trade and investment relations.

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He emphasised how closely Saudi Vision 2030 matches Pakistan’s main strategic goals, strengthening the basis for both countries’ development.

In terms of trade, investment, and economic development, both leaders reaffirmed their dedication to strengthening bilateral cooperation.

A recent visit by a high-level Saudi delegation headed by the Saudi Investment Minister, during which a number of Memorandums of Understanding (MoUs) were signed to strengthen the economic partnership, was mentioned by Prime Minister Sharif.

Along with talking about the economy, the two leaders acknowledged the serious damage caused by Israel’s continuous aggression in the area and voiced their profound worry about it.

Peace in Gaza is linked to global progress: PM

In his earlier speech to the 8th Future Investment Initiative (FII), Prime Minister Shehbaz emphasised the catastrophic situation in Gaza and stressed that the world would find it difficult to meet its developmental goals unless there was an immediate end to the violence.

Shehbaz, the Saudi prime minister

With the topic “Infinite Horizons: Investing Today, Shaping Tomorrow,” the FII brought together prominent individuals to discuss investments in important fields such as robots, artificial intelligence, education, energy, finance, healthcare, and sustainability.

Pakistan’s worries over the worsening situation in Gaza were highlighted by PM Sharif’s direct remarks, which also highlighted the necessity of international cooperation in fostering peace.

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Task Force for FBR Digitization Established: Automated Supply Chain System Design

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A 10-member Task Force has been formed by the government to digitize the Federal Board of Revenue (FBR) in partnership with the Special Investment Facilitation Council (SIFC).

Improving FBR’s systems and completely digitizing its operations are part of the Task Force’s mandate. Policy interventions, data automation, software installation, and collaboration with provincial revenue authorities are among the main goals.

Together with developing a track-and-trace system through integrated automation, the task force will also establish an Automated Supply Chain System for distributors and wholesalers.

Pakistan Revenue Automation Limited would become a stand-alone IT bureau for planning and data preparation.

In order to create a unified national tax strategy, the project seeks to maximize revenue collection, increase transparency, and simplify Pakistan’s tax system while encouraging cooperation between the federal and provincial tax authorities.

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