Government assesses proposal to approach donor agencies for debt cancellation

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Islamabad: The government is seriously considering the suggestion of various political groups and environmental organizations to raise the issue of floods fueled by climate change and demand the cancellation of external debt to come to the aid of those affected by the floods.

According to the details, the federal government has received letters from various organizations which stressed the need to raise the flood issue in international forums as Pakistan has become the worst victim of climate change.

The Emir of Jamaat-e-Islami Siraj-ul-Haq also asked the government to appeal to the International Monetary Fund (IMF), the World Bank (WB) and other donor agencies to cancel the external debts of the Pakistan.

The scale of the destruction is difficult to comprehend, not only the enormity of the devastation facing the population today, but also the damage to infrastructure, buildings and the economy that will weigh heavily on the country during months or even years to come.

An official said the government had already assessed the losses from the devastating floods and hoped international donor agencies would help Pakistan deal with the dire situation.

“Federal departments are doing their job and constantly providing feedback to the government to provide a clear picture of the total volume of financial losses. It is clear that Pakistan cannot cope with this situation without the financial support of the international community,” he said.

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