Pakistan PM says ‘deeply obliged’ to China for increase in volume of flood aid

Pakistan Prime Minister Shehbaz Sharif addresses nation in Islamabad, Pakistan, on May 27, 2022. (Government of Pakistan/FILE)
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Updated 03 October 2022
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Pakistan PM says ‘deeply obliged’ to China for increase in volume of flood aid

  • Pakistan is reeling from the aftermath of deadly floods that have cost an estimated $30 billion 
  • Deluges have affected 33 million people, forced Islamabad to seek debt relief from the world 

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Sunday said he was “deeply obliged” to the Chinese government for helping flood-affected people in the South Asian country, increasing the aid volume to RMB644 million ($90 million). 

Pakistan is reeling from the aftermath of catastrophic floods that have killed nearly 1,700 people since the onset of monsoon season in mid-June. 

The deluges have affected more than 33 million people, washed away crops on millions of acres and cost an $30 billion in economic losses, with hundreds of thousands forced to stay in shelters and out in the open. 

On Sunday, PM Sharif thanked the Chinese government, Communist Party of China (CPC), Red Cross Society of China and the People’s Liberation Army for the relief assistance. 

“Our Chinese friends continue helping the flood victims in Pakistan,” the Pakistan premier said in a Twitter post. “Total volume of aid has increased from 400 million RMB to 644 million RMB.” 

China is a key economic and political partner of Pakistan, pushing ahead with a $54 billion economic corridor that will build infrastructure and give Beijing an outlet to the Indian Ocean, although Chinese interests have also faced attacks from separatists. 

Last week, US Secretary of State Antony Blinken also called on Pakistan to seek debt relief from China. The South Asian country owes about 30 percent of its external debt to Beijing. 

Pakistan’s economy is facing a balance of payments crisis, a widening current account deficit, a slide in its currency to historic lows, and inflation crossing 27 percent. 

PM Sharif last month appealed to the world and rich nations for immediate debt relief, saying what had been done was commendable, but “it’s far from meeting our needs.” 

Sharif, who was in New York to attend the UN General Assembly, said Pakistan had taken up the debt relief issue with UN Secretary-General Antonio Guterres and world leaders. 


Pakistan PM to attend World Economic Forum’s annual meeting in Switzerland next month

Updated 29 December 2025
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Pakistan PM to attend World Economic Forum’s annual meeting in Switzerland next month

  • The WEF meeting, scheduled to be held in Davos on Jan. 19-23, will focus on global challenges, public-private dialogue and cooperation
  • Government, business, civil society and academia leaders will engage in forward-looking discussions to address these issues, set priorities

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif will travel to Switzerland next month to attend the 56th annual meeting of the World Economic Forum (WEF), Pakistani state media reported on Monday.

The WEF annual meeting, themed as ‘A Spirit of Dialogue,’ will be held from Jan. 19 to Jan. 23 in Davos, where world leaders from government, business, civil society and academia will engage in forward-looking discussions to address global issues and set priorities.

Prime Minister Sharif is expected to interact with global leaders and investors on economic challenges, regional and international issues and various opportunities for cooperation.

On Monday, Deputy PM Ishaq Dar presided over a meeting in Islamabad to oversee preparations for Sharif’s upcoming visit to Switzerland to attend the WEF meeting, the Radio Pakistan broadcaster reported.

“Dar instructed to maximize the engagements with the incoming Heads of States, Governments and senior leadership of economic, business and financial institutions,” the report read.

The WEF meeting program will be structured around key global challenges where public-private dialogue and cooperation, involving all stakeholders, is necessary for progress, according to the WEF website.

In addressing these challenges, growth, resilience and innovation will serve as cross-cutting imperatives, guiding how leaders engage with today’s complexity and pursue tomorrow’s opportunities.

Pakistani foreign ministry officials briefed the deputy PM about preparations for the WEF meeting, according to Radio Pakistan. The participants of Monday’s meeting in Islamabad discussed in detail the bilateral component and media engagements during the visit.

“He [Dar] further stressed that opportunities be explored to foster collaboration with private sector business entities,” the state broadcaster said.