World Bank to supply USD 22.2 mn for rehabilitation of Pakistani farmers after devastating floods

The World Bank would supply Pakistan a monetary help of USD 22.2 million for the rehabilitation of farmers affected as a result of devastating floods within the nation.

The World Bank official mentioned that the financial institution will help the rehabilitation of the farming group in flood-affected districts. (File picture)

HIGHLIGHTSThe World Bank would supply Pakistan an assist of USD 22.2 million for rehabilitation of farmersThe farmers have been affected as a result of devastating floods in a number of components of the nationPakistan continues to undergo as a result of floods which have thus far killed over 1,500 individuals

The World Bank would supply Pakistan monetary help of USD 22.2 million for the rehabilitation of farmers affected as a result of devastating floods in a number of components of the nation, an official assertion issued by the nation’s National Food Security and Research mentioned on Thursday.

The announcement got here in direction of the top of a gathering between World Bank South Asia Regional Director for Sustainable Development John A Roome and Federal Minister for National Food Security and Research Tariq Bashir Cheema in Islamabad.

Pakistan continues to undergo as a result of devastating floods which have thus far killed over 1,500 individuals and left about 78,000 sq. kilometres (21 million acres) of crops below water.

The WB official on Thursday mentioned that the financial institution will help the rehabilitation of the farming group in flood-affected districts and locus-hit areas via the Locust Emergency and Food Security (LEAFS) challenge of the World Bank.

Roome mentioned he may even request the WB Group Board to extend help for Pakistan “to recover from the devastation caused by unprecedented floods”, including that the financial institution is working with provincial agriculture departments to help the farming group.

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Minister Cheema mentioned that floods and rains had performed havoc on the agriculture sector and devastated the farming group.

“At this critical time, we are only focused on rehabilitation activities in the flood-affected areas to bring back normalcy,” he mentioned.

He mentioned his ministry had deliberate to subsidise seeds and fertilisers to help farmers badly impacted by floods.

“The federal government will provide subsidised inputs to flood-affected farmers for the upcoming Rabi season on a cost-sharing basis with the provinces. The proposed subsidy may be presented to the federal cabinet soon,” he instructed the assembly.

He additionally underlined that the federal government deliberate to supply subsidised wheat and edible oil seeds, and one fertilizer bag per acre to every farmer within the affected areas.

The determination by the WB to help farmers got here after the floods devastated crops and inundated farmlands, wreaking havoc on the agricultural economic system.

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