Pakistan’s forex reserves exceed $16 billion

[Reza_Pahlavi]

Re: Pakistan’s forex reserves exceed $16 billion

@Tariq_Akhtar

I am kind of surprised though that Mr.Frauda saying some of the pledges did not come through. Weren’t these public promises? what kind of shameless country will do that?

Fraudia is absolutely correct.

http://www.msnbc.msn.com/id/10082481/

Before the conference, aid pledges totaled $2.4 billion but Pakistan had only received about 10 percent of that. Prime Minister Shaukat Aziz said the new pledges brought the total to $5.8 billion — $3.9 billion in loans and $1.9 billion in grants. He said $1.7 billion was needed for relief and recovery and restoration of livelihoods, and $3.5 billion for rebuilding infrastructure and restoring the economy.

The Earthquake caused Pakistan upto $6 billion in damage - yet only a small fraction of that has been received from foreign donors in aid, loans or grants. In the end it is the Pakistan govt which footed the bill in billions of dollars for the Earthquake.