World Bank will provide $1.3 billion to Pakistan to provide agricultural and housing relief for flood-stricken population
This year Pakistan faced unprecedented floods that damaged acres of land, people’s properties and took lives of hundreds of people.
Ministry of national food and security, Tariq Bashir Cheema revealed that the World Bank has decided to give $1.3 billion to Pakistan to provide agricultural and food relief.
The funds will be released after the approval from the International lender’s board.
World Bank also decided to subsidize the urea that the farmers use. It is decided to support the flood-stricken farmers and cater to their needs.
Tariq Cheema further gave details saying, “we are trying our utmost to provide relief and assistance to poor farmers and help them in rehabilitation.”
Furthermore, Cheema suggests that they are trying to create perfect coordination between the World Bank, Federal government and Provincial government.
The minister said that this relief and subsidies will help the farmers in their work.
He also added that this relief will also ensure food security.