Pakistan to receive $1 billion for quake relief

By
November 19, 2005 06:23
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The Asian Development Bank pledged on Saturday to provide about $1 billion to Pakistan for earthquake relief, as the government began a new push to bridge hundreds of millions of dollars in funding shortfalls. The pledge, announced in a statement, came at the start of a donors' conference in Pakistan's capital, Islamabad, at which the government hopes to raise much of the $5.2 billion it says it needs for quake relief and rebuilding. Of that, Pakistan says it has so far received just $211.2 million. "Having seen firsthand the courage and resilience of the survivors, I am convinced that the affected areas will need to not only fully recover, but be built in a way to provide a better future for the children," the president of the Philippine-based Asian Development Bank, Haruhiko Kuroda, said in the statement. ADB assistance will include the creation of a planned US$300 million fund next month to focus on transport, power, health, education and governance, the bank said. Other funding will come from grants and the reallocation of money from existing loans to Pakistan, it said.



More about:Pakistan, Islamabad

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Russian President Vladimir Putin (L) meets with his Turkish counterpart Tayyip Erdogan in Istanbul
November 20, 2018
Putin and Erdogan celebrate TurkStream gas pipeline as relations warm

By SETH J. FRANTZMAN