The International Monetary Fund (IMF) has approved Rs. 389 billion in emergency funds for Pakistan’s Prime Minister’s flood relief package. Officials confirmed the decision on Tuesday.
Preliminary reports indicate substantial damage across affected provinces. Khyber Pakhtunkhwa estimates losses between Rs. 40 and 50 billion. Sindh reports preliminary flood damage of Rs. 40 billion. Punjab officials are expected to submit their final damage data soon.
The IMF held detailed discussions with provincial authorities regarding recovery, rehabilitation, and proper allocation of funds. The approved package aims to support flood-affected communities and rebuild essential infrastructure quickly.
In addition to approving funds, the IMF requested the immediate publication of the Corruption and Diagnostic Assessment Report. The Ministry of Finance has asked for additional time to release it. The Fund also called for public disclosure of assets held by military, judicial officers, and civil servants.
The IMF was briefed on reforms in the Federal Board of Revenue (FBR) and measures concerning politically exposed persons. Amendments to the report were suggested, along with granting full autonomy to the Auditor General of Pakistan. Officials were also asked to separate tax policy from the FBR’s operational functions.
Authorities emphasized that the Rs. 389 billion emergency fund will provide fast assistance to affected regions. The funds will help communities recover, repair infrastructure, and support livelihoods disrupted by recent floods.
Provincial governments are expected to finalize damage assessments promptly to ensure efficient fund distribution. The IMF’s approval signals confidence in Pakistan’s flood management and relief strategies.
The relief package prioritizes housing, health, education, and infrastructure for flood victims. It aims to provide both immediate support and long-term resilience against future natural disasters.
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