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US extends $132 million debt relief to flood-hit Pakistan

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  • US Ambassador Donald Blome signs agreement.
  • Assistance approved under G-20 DSSI framework.
  • Our priority is to redirect critical resources in Pakistan: US embassy.

ISLAMABAD: The United States has agreed to suspend loans worth $132 million under the G-20 Debt Service Suspension Initiative (DSSI) framework for Pakistan to assist the South Asian country in its relief, rehab, and reconstruction efforts in the wake of extreme monsoons and record floods.

US Ambassador to Pakistan Donald Blome has signed the second bilateral agreement in this regard, the US Embassy said on Twitter.

The agreement will provide $132 million in US debt relief to Pakistan.

“Our priority is to redirect critical resources in Pakistan,” the US Embassy said in its tweet referring to the historic floods that hit 33 million people and claimed over 1,600 lives across Pakistan since mid-June.

The assistance comes a day after Prime Minister Shehbaz Sharif attended a ceremony at the embassy to mark the 75th anniversary of diplomatic ties between the two nations.

Speaking on the occasion, Ambassador Blome reaffirmed continuing US support to Pakistan during the difficult recovery process.

“While the water is only now receding and the rebuilding just beginning, the people of the United States continue to stand with Pakistan. We are doing what friends and partners do – support each other when it’s needed most,” the ambassador said.

“While our two democracies have steadfastly stood together over the years, the rapidly changing world provides a pivotal opportunity to reframe the US-Pakistan partnership and recognise that our shared objectives and mutual ambitions go much deeper.”

“When I consider the future of US-Pakistan relations, I see many possibilities to advance our shared interests in trade, investment, clean energy, health, security, education, and other shared priorities. As we look forward to the next 75 years and beyond, I hope you will join me in opening this new door.”

The US ambassador said that the people of the United States would continue to stand with Pakistan.

“The strength of Pakistan-US friendship is demonstrated by more than 66 million dollars in US support for flood response,” the US envoy added.

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Punjabi bakers decide to charge Rs. 15 for “roti.”

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The bread, known as roti, will be sold for Rs 15 by the bakers association.

During their discussion, the association promised Food Minister Bilal Yasin that the rate of roti will be reduced.

The minister was there when Association President Aftab Gul recorded a video message committing to sell rotis for Rs15 each.

According to him, the administration decided to lower the rate of flour. He continued, saying that the group was supporting the government hand in hand to stop inflation.

The price of flour has been drastically lowered, according to Food Minister Bilal, to help the populace. He stated, “the government aimed at providing quality and affordable bread to the masses.”

He said that the recent reduction of Rs 1,200 in the price of flour was the biggest drop in the commodity’s prices in the nation’s history.

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Day four of the AJK inflation protest begins as talks come to a standstill.

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Following the collapse of talks between the Awami Action Committee and the AJK government on Sunday, the shutdown strike and protests in Azad Kashmir over rising flour and energy costs started their fourth day on Monday.

The ongoing shutdown and wheeljam strike would continue until their demands are fulfilled, according to the Awami Action Committee.

AAC-led march on state capital Muzaffarabad today has brought the valley to a near stop. The caravans are coming from many AJK cities, and they are headed towards Rawalakot. The march is being caused by the impasse in the negotiations.

Reportedly, the demonstrators have blocked the 40-kilometer Kohala–Muzaffarabad Road, which connects Kohala Town and Muzaffarabad, multiple times.

Traffic on main thoroughfares and roads has decreased, and large police contingents have been stationed at strategic points and roundabouts.

After fighting broke out between the police and demonstrators in Mirpur on Saturday, which left one policeman dead and numerous others injured, the AJK government dispatched Rangers.

Everything is completely suspended, including internet and cellular services, business, and education.

Under the pretext of talks, Awami Action Committee leader Sardar Umar Nazir Kashmiri has charged that the administration is using deceptive methods.

Apart from the flour subsidy, he continues, the administration will not budge on any other demand.

CONVENE MEETINGS, PRESIDENT, PM

All parties involved have been asked by Prime Minister Shehbaz Sharif and President Zardari to use moderation and engage in discussions to find a solution. According to both, the demonstrators in Azad Kashmir should have their legitimate demands met.

The issue in AJK will be the topic of a significant meeting that Prime Minister Shehbaz Sharif is calling today, Monday.

The skirmishes between the demonstrators and the AJK police caused anxiety for the premier on Sunday.

Speaking with Chaudhry Anwarul Haq, the prime minister of AJK, he said he also gave the office-bearers of the All-Pakistan Muslim League-Nawaz in AJK instructions to speak with the leaders of the Awami Action Committee.

Olive Branch is offered by AJK PM.

Prime Minister of Jammu and Kashmir Chaudhry Anwarul Haq stated on Sunday that his administration was ready to lessen the burden of exorbitant grain and energy costs.

Regarding Saturday’s meetings with the demonstrators, Prime Minister Haq declared, “We are determined to implement the agreement we have reached with the Awami Action Committee.”

Politicians, according to Haq, have found solutions to issues through discussion and “we are ready to talk with the Awami Action Committee at any level and the demands related to the government of Pakistan will be raised before the federation.”

In order to ease the burden of rising flour and power prices, he also expressed a willingness to modify the development budget if needed.

The AJK prime minister stated that his government’s first priority was ensuring public safety, and he further stated that no force was applied to the demonstrators.

Sub-inspector Adnan Qureshi was killed in a confrontation with demonstrators in Mirpur, and hundreds of people attended his funeral on Monday.

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Today’s National Assembly session is scheduled.

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The National Assembly (NA) will meet today (Monday) at the invitation of President Asif Ali Zardari.

At 4:00 p.m., the National Assembly will convene in the federal capital at Parliament House. The meeting’s agenda has been released by the assembly secretariat.

As per Article 54(1) of the Constitution of the Islamic Republic of Pakistan, the President has the authority to call a session of the National Assembly.

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