ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired a high-level meeting to review the progress of post-flood reconstruction projects under the Resilient, Rehabilitation, and Reconstruction Framework (4RF). The meeting, attended by senior government officials and international representatives from the World Bank, ADB, UN, and EU, focused on assessing ongoing projects and the status of global financial pledges.
Iqbal revealed that the 2022 floods caused $30 billion in economic losses, with recovery efforts requiring $16.2 billion. So far, international pledges total $10.9 billion, leaving a significant shortfall. The meeting stressed the need for swift action, transparency, and efficient project implementation to rebuild affected communities and enhance resilience against future climate challenges.
