
Irregularities unearthed in Sindh's flood relief
The Senate Standing Committee on Economic Affairs came down hard on the Sindh government on Thursday, alleging that irregularities were being committed in house constructions in the flood affected areas, as well as the distribution of the solar panels in the province.
Committee chairman Senator Saifullah Abro expressed summoned Sindh chief secretary in the next meeting and sought details of the expenditure on the EU grant. Abro warned that if the details were not provided, the donor would be apprised of the irregularities through a letter.
The Planning Commission of Sindh assured the committee of presenting the details of the expenditure in the next meeting. The committee also sought details of the Colombo Plan projects - a regional intergovernmental initiative to promote economic and social development in Asia - in the next meeting. At the outset of the meeting, the chair expressed anger at Sindh and Balochistan for not providing details of expenditures of the projects under the EU grant. "If Sindh does not provide details, then we will write to the donors that irregularities are being committed, he added.
"Instead of building houses for flood-affected people, someone else's houses are being built. In a union council of Larkana, only the [UC] chairman's house is being built. The Sindh Planning Department should explain why this is happening," he added.
Economic Affairs Secretary Dr Kazim Niaz told the committee that the ministry had provided the details of 2022 to the committee. He said that Pakistan received $10 billion to deal with the 2022 floods. "The World Bank, the Asian Development Bank gave concessional loans at a low interest rate," he said.
The secretary said that the World Bank has given $1 billion for the construction of houses for flood-affected people. "The international financial institutions have praised Pakistan's role in dealing with climate change," he said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
2 days ago
- Business Recorder
EU ‘deeply regrets' US sanctions on ICC judges
BRUSSELS, BELGIUM: The EU 'deeply regrets' the US sanctions imposed on four judges of the International Criminal Court (ICC), the European Commission said Friday, voicing full support for the Hague-based court. 'The ICC holds perpetrators of the world's gravest crimes to account and gives victims a voice,' Commission chief Ursula von der Leyen posted on X. 'It must be free to act without pressure.' 'We deeply regret the decision to impose sanctions on four additional individuals,' added commission spokesperson Anitta Hipper. 'We will provide the full support and contribution to ensure the protection of the court and its staff,' she told reporters. The sanctions imposed Thursday – in part over the ICC arrest warrant for Israeli Prime Minister Benjamin Netanyahu – come as Washington ramps up its efforts to neuter the court. Israel urges ICC to drop arrest warrants against PM Neither United States nor Israel are party to the Rome Statute that established the court in 2002, to prosecute individuals for the world's gravest crimes when countries are unwilling or unable to do so themselves. Two of the targeted judges, Beti Hohler of Slovenia and Reine Alapini-Gansou of Benin, took part in proceedings that led to the warrant being issued for Netanyahu last November. The other two, Luz del Carmen Ibanez Carranza of Peru and Solomy Balungi Bossa of Uganda, were part of proceedings that led to a probe into allegations US forces committed war crimes in Afghanistan. European Council chief Antonio Costa earlier underscored the EU's support for the ICC, which he said 'does not stand against nations – it stands against impunity.' 'We must protect its independence and integrity. The rule of law must prevail over the rule of power,' Costa wrote on X.


Business Recorder
2 days ago
- Business Recorder
EU open to lowering tariffs on US fertilisers in trade talks
BRUSSELS: The European Union is open to lowering tariffs on U.S. fertiliser imports as an offer in trade talks with the Trump administration, but will not weaken its food safety standards in pursuit of a deal, EU agriculture commissioner Christophe Hansen told Reuters. 'That is definitely an option,' Hansen said, of reducing U.S. fertiliser tariffs. 'That will be on the table. And I think that would be a huge way forward, and an offer as well to the U.S.,' he said in an interview with Reuters on Thursday, adding that whether that would mean zero tariffs, or a reduction of current rates, would need to be negotiated. U.S. exports face the EU's standard tariffs of 5.5% on imports of ammonia, and 6.5% on nitrogen fertilisers, as well as an extra 29.48 euro-per-tonne anti-dumping duty on U.S. urea ammonium nitrate (UAN). UAN comprised around three quarters of EU imports of U.S. fertilisers last year, EU trade data shows. Thyssenkrupp Steel Europe: US tariffs have limited impact but put pressure on trade Reducing tariffs could boost Europe's purchases of U.S. fertiliser, to fill a gap as the EU cuts supplies from Russia. Around 24% of the EU's nitrogen fertiliser imports came from Russia in 2023, while the U.S. accounted for 8%, EU data shows. 'I believe most of the Europeans would prefer buying fertilizers from the U.S. than from Russia,' Hansen said. The EU will hit nitrogen-based fertilisers from Russia with tariffs rising to 100% over three years, a level that would effectively halt annual trade flows currently worth 1.3 billion euros ($1.5 billion). Hansen said the EU was also open to discussing increasing its purchases of hormone-free beef from the U.S., and a deal to have zero-for-zero tariffs on EU and U.S. wines. But he said the bloc would not compromise on its stringent food safety standards as it seeks a deal. 'I don't see room for manoeuvre to roll back our high quality standards. But of course, on other points, on other products, we are very open to negotiations,' Hansen said.


Express Tribune
2 days ago
- Express Tribune
WB readjusts poverty line in Pakistan at 44.7%
Listen to article The World Bank has adjusted upward the income levels in an effort to measure global poverty, which has also pushed the percentage of Pakistanis living in poverty by to 44.7% — an outcome that may not still be fully reflecting the harsh ground realities due to the use of seven years old survey data. The Washington-based lender on Thursday released its new international poverty line to reflect changes in the prices of goods and services and their implications on the global population. The new poverty line for Pakistan, which is a lower middle-income country, is set at $4.20 per person per day, up from $3.65, said Christina Wieser, the senior poverty economist of the World Bank while briefing the media persons here. She said that due to the upward revision, for the lower middle income level, the poverty ratio has jumped from 39.8% of the old level to 44.7% on the threshold of $4.20 per day income. The World Bank has also updated the extreme poverty line from $2.15 to $3 per person per day. Because of the revision in the threshold, 16.5% of the Pakistani population lives in extreme poverty, up from 4.9% under the previous $2.15 threshold, said Christina. She said that one of the reasons for such a high jump was that the majority of the people were clustered around $2.15 to $3 per day income level, which resulted into a significant surge. About 82% of this increase in extreme poverty is due to the higher value of the new international poverty line reflecting increases in the national poverty lines of comparator countries, with the rest explained by price increases in Pakistan between 2017 and 2021, according to the World Bank. The World Bank has not used the latest population census data and instead relied on the United Nations population dataset. Christina also added that the underlying Household Income and Expenditure Survey (HIES) 2018/19 data has been used for both national and international estimates. While international poverty lines are essential for tracking global progress and comparisons, national lines remain more appropriate for informing country-specific policy decisions, said the senior economist. Anything that has affected since 2019 is not included in either Covid-19 or 2022 floods, as the baseline remains the same, said Christina while responding to a question. We are desperately looking forward to the new household integrated economic survey to update our baseline, she added. The local economists had estimated a sharp rise in poverty after the 2022 floods, which inundated one-fourth of the country and adversely impacted populations in three provinces. These updates to the international poverty lines ensure that poverty estimates remain accurate and comparable across countries. The methodology remains consistent with past updates, continuing a practice that began with the introduction of the dollar-a-day line in 1990, according to the World Bank economist. "The revisions help position Pakistan's poverty levels in a global context and underscore the importance of continued efforts to reduce vulnerability and improve resilience," said Najy Benhassine, the outgoing World Bank Country Director for Pakistan. For domestic policy and programme targeting, the national poverty line remains unchanged and continues to serve as the primary benchmark for assessing poverty within Pakistan, Christina said. The forthcoming World Bank Poverty, Equity, and Resilience Assessment for Pakistan will provide critical context for interpreting these updated poverty estimates, she added. The report would offer a detailed update on poverty, inequality, and non-monetary outcomes, will investigate key drivers of poverty, and outline a forward-looking agenda to enhance prosperity and resilience for all Pakistanis. According to the government's last official available numbers, which are based on the 2018-19 survey, 21.9% of the population was living below the national poverty line. However, because national poverty lines differ widely, the resulting poverty rates are not comparable internationally. The need for new international poverty lines arises from the evolving price levels and cost of basic needs across the world and within income groups, according to Christina Wieser. To maintain accurate global comparisons, the World Bank periodically updates these poverty lines. International poverty estimates are based on the headcount of people with consumption below the international poverty line, defined in purchasing power parities (PPPs). Pakistan is among the countries experiencing the largest changes in poverty when transitioning to the 2021 PPPs based on the Low-Income International Poverty Line, according to the World Bank. The World Bank said that the international poverty line should be used only for cross-country comparison and analysis; for evaluating poverty in a particular country (Pakistan), the national poverty line remains the appropriate standard. The revisions help position Pakistan's poverty levels in a global context and underscore the importance of continued efforts to reduce vulnerability and improve resilience, The new figures reflect updated international thresholds and improved data from other countries, not deterioration in living standards, according to Christina.