Pakistan in need of $10bn in foreign aid - News latest breaking stories

Pakistan - To fight against insecurity and to meet the issues of poverty, Pakistan in need of $10 bn from its donors. According to news latest breaking stories, there are currently 20 countries in the list of Pakistan as its donors. As per news latest breaking stories, this former request will be presented in a meeting of donors representitives. As per latest news, this meeting will be hosted in Tokyo, Japan on 17 April.



As per latest stories, Asif Ali Zardari, Pakistan’s president, was likely to attend the event, which will be co-hosted by the World Bank, Officials said.
As per breaking stories, World Bank stated “With dampened external demand for its exports, an inflated import bill and low investor confidence, Pakistan needs additional assistance from the international community to restore economic stability and bring its economy back to a higher growth pat.”
As per news latest breaking stories, Shaukat Tarin, the Pakistani prime minister’s finance adviser, described the Japanese initiative in this regard “as a welcome help to Pakistan at a crucial time”.

Mr Tarin also told the esolgsmnews: “The world ought to look at things like high poverty levels and security needs. We need to raise special forces and acquire special skills at a considerable expense to fight the terrorism challenge." news latest breaking stories.

“Our security expenses have grown sharply at the expense of cuts in education and public health.”

As per other news latest breaking stories, a senior western diplomat based in Islamabad stated that recent informal contacts between Pakistani officials and the country’s donors suggested that Pakistan might receive commitments for $4bn-$6bn over a two-year period, in contrast to the request for $10bn, which is being sought over the next three years.