Developing countries need debt relief, the government has allocated 40 billion rupees for the poorest districts, Dr. Ahsan Iqbal's address

Islamabad. December 5 (APP): Federal Minister for Planning, Development, Reforms and Special Measures Prof. Dr. Ahsan Iqbal has said that developing countries need to be given relief on debts.

The government has allocated a budget of 40 billion rupees for the poorest districts, the SDGs unit has been established in the Ministry of Development and Planning, the damage caused by floods in Pakistan has reached 46.4 billion dollars. 3.7% to 4% increase, 8.4 million to 9.1 million people fell into poverty, 3.3 million people were affected by floods, 19 districts out of 25 poorest districts were also affected by floods.

The Friends of Pakistan conference will be held on January 10. He expressed these views while addressing the Institute for Sustainable Development conference on Monday. The federal minister said that Pakistan is facing many challenges after the floods, all the SAARC countries are facing the challenges of better quality of life, climate change in SAARC countries is more dangerous than the war between Russia and Ukraine.

Climate change in SAARC countries needs the attention of the international community, international aid agencies give long-term loans of 30 to 35 years to SAARC countries, SAARC countries need long-term funds to deal with climate change. He said that the countries of the region are facing the challenges of economic, social and climate change, developing countries are facing pressure due to the war between Russia and Ukraine.

International financial institutions should provide long-term cheap loans to developing countries. Ahsan Iqbal said that economic recovery is a long-term agenda, there is a need to work on a common agenda for the development and prosperity of the people of the region.

He said that the increase in food prices and the balance payment crisis are facing, developing countries need to be given relief on loans, the government has allocated a budget of 40 billion rupees for the poorest districts, the Ministry of Development and Planning. The SDGs unit has been established in Pakistan, the damage caused by floods in Pakistan has reached 46.4 billion dollars, poverty has increased from 3.7% to 4% due to floods, 8.4 million to 9.1 million people have been affected by poverty, floods. A population of 3.3 million was affected, 19 of the 25 poorest districts were also affected by the floods. He said that the Friends of Pakistan conference will be held on January 10.

The federal minister said that Pakistan was the worst affected by climate change, millions of workers have become unemployed due to floods, social security programs need more attention, the region's contribution to greenhouse gases is very low. .

He said that South Asia is a backward region of the world, we have not decided to hold the SAARC summit for 6 years, we need a war against poverty, unemployment and climate change instead of war among ourselves.

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