INSUBCONTINENT EXCLUSIVE:
Pakistan and the United Nations are holding a major conference in Geneva on Monday targeted at marshaling support to reconstruct the country
after ravaging floods in what is anticipated to be a significant test case for who pays for climate disasters.Record monsoon rains and
melting glaciers in September displaced some 8 million people and eliminated at least 1,700 in a disaster blamed on environment change,
Reuters reported.Most of the waters have now declined however the restoration work, approximated at around $16.3 billion, to rebuild
millions of houses and thousands of kilometers of roads and train is simply starting and millions more individuals may slide into
poverty.Islamabad, whose delegation is led by Prime Minister Shehbaz Sharif, will provide a healing && structure & at the conference where
United Nations Secretary-General Antonio Guterres and French President Emmanuel Macron are likewise due to speak.Guterres, who visited
Pakistan in September, has formerly described the destruction in the country as && climate carnage.&&& & This is a pivotal moment for the
international neighborhood to stand with Pakistan and to devote to a resistant and inclusive recovery from these ravaging floods,& & said
Knut Ostby, United Nations& & Development Program&& s Pakistan representative.Additional financing is vital to Pakistan amid growing
concerns about its capability to pay for imports such as energy and food and to fulfill sovereign financial obligation responsibilities
abroad.However, it is far from clear where the reconstruction cash will come from, particularly offered difficulties raising funds for the
emergency situation humanitarian phase of the reaction, which is around half funded, according to U.N
data.At the COP27 meeting in Egypt in November, Pakistan was at the forefront of efforts that led to the facility of a && loss and damage &
fund to cover climate-related damage for countries that have contributed less to global warming than wealthy ones, Reuters
reported.However, it is not yet understood if Pakistan, with a $350 billion economy, will be eligible to use that future funding.Organizers
state around 250 people are expected at the event consisting of top-level federal government officials, private donors and global monetary
institutions.Pakistan&& s ambassador to the U.N
in Geneva, Khalil Hashmi, stated Islamabad wanted to spend for about half of the bill however hoped for assistance from donors for the rest
&& We will be activating international assistance through numerous methods,& & he stated
& We eagerly anticipate working with our partners.&& An International Monetary Fund delegation will meet Pakistan&& s financing minister
on the sidelines of the conference, a representative of the loan provider stated Sunday, as Pakistan struggles to restart its bailout
program.The IMF is yet to approve the release of $1.1 billion initially due to be paid out in November last year, leaving Pakistan with only
sufficient forex reserves to cover one month&& s imports.The post Pakistan seeking $16 billion to help restore after floods first appeared
