Pledges received at Geneva moot to help rebuild economy, reduce inflation: Sanaullah.

Interior Minister Rana Sanaullah said on Tuesday that the pledges received by Pakistan at the Geneva climate conference a day earlier would help rebuild the economy and were a 'slap on the faces' of people spreading propaganda on the country defaulting.

On Monday, international donors committed to give Pakistan over $10 billion to help it recover from last year's devastating floods. Officials from some 40 countries as well as private donors and international financial institutions gathered for the meeting, co-hosted by Islamabad and United Nations.

During the conference, Prime Minister Shehbaz Sharif said the country will need $16.3 billion over the next three years for the initial efforts to rebuild and improve its ability to withstand climate change. He said Pakistan should be able to cover half the cost but urged the international community to pay for the rest.

Talking about the moot to journalists outside the Punjab Assembly today, Sanaullah congratulated the nation for the 'major achievement'.

'The donations made yesterday show that the entire world is standing with Pakistan, the prime minister and the coalition government.

'This help is evidence of the trust the world has in Pakistan [...] and is a slap on the faces of the segments that have been running a propaganda against the country for the past three months,' he said.

The minister remarked that the government had expected to collect $8bn at the conference but, thankfully, had received pledges of more than $10bn and the amount may increase today.

'I want to tell the public today that this is not a loan. It is a grant which will help us pull the country out of the crisis that Imran Khan and his team pushed us into.

'The grant will reduce the dollar rate, inflation and ultimately the dissatisfaction among the people. With this, the drama of Imran's popularity will also come to an end,' he asserted.

Sanaullah said that with the hand-holding that the world had shown to the PML-N...

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