Pakistan appeals for flood aid ahead of donors conference

Victims of flooding from monsoon rains carry grasses for their cattle after their flooded home in Sehwan, Sindh province, Pakistan, on September 9, 2022. (AP)
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Updated 03 January 2023
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Pakistan appeals for flood aid ahead of donors conference

  • The gathering in Geneva on Monday aims to raise funds for victims of last summer’s unprecedented floods
  • The disaster killed 1,739 people, affected 33 million Pakistanis and submerged a third of the country 

ISLAMABAD: Pakistan’s foreign minister on Tuesday issued an emotional appeal ahead of a major conference next week, urging the international community to generously donate funds for the country’s flood victims. 

The gathering in Geneva on Monday — jointly hosted by the United Nations and Pakistan — aims to raise funds for the victims of last summer’s unprecedented flooding, which experts partly attribute to climate change. The disaster killed 1,739 people and affected 33 million Pakistanis. At one point, a third of the country’s territory was under water. 

Foreign Minister Bilawal Bhutto-Zardari sought Tuesday to draw attention to the plight of homeless survivors, many of whom are now forced to live in the open amid harsh winter weather. His goal, he said, is for the world not to forget the victims of the floods. 

The UN recently warned that the funding raised so far for Pakistan’s flood victims will run out after Jan. 15 because the world body has so far received only a third of the $816 million in emergency aid it sought last October for food, medicines and other supplies for the survivors. 

“There was no fault of innocent Pakistanis, but they paid a heavy price because of climate-induced floods,” Bhutto-Zardari said in televised remarks from Badin, one of the worst flood-hit areas in the southern Sindh province. 

He said Pakistan has had a negligible role in global warming but still it was still vulnerable to climate-induced devastation. Experts say Pakistan emits less than 1 percent of heat-trapping carbon dioxide. 

Even before the heavy monsoon rains struck in mid-June, cash-strapped Pakistan was facing a serious financial crisis. The floods caused up to $40 billion in damages, experts say, and without international aid, Pakistan would not be able to rebuild destroyed homes and infrastructure. 


Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

Updated 18 February 2026
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Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

  • Committee to engage Asian Development Bank to negotiate terms of financial advisory services agreement, says privatization ministry
  • Inaugurated in 2018, Islamabad airport has faced criticism over construction delays, poor facilities and operational inefficiencies

ISLAMABAD: Pakistan’s Privatization Ministry announced on Wednesday that it has formed a committee to engage the Asian Development Bank (ADB) to negotiate a potential financial advisory services agreement for the privatization of Islamabad International Airport.

The Islamabad International Airport, inaugurated in 2018 at a cost of over $1 billion, has faced criticism over construction delays, poor facilities, and operational inefficiencies.

The Negotiation Committee formed by the Privatization Commission will engage with the ADB to negotiate the terms of a potential Financial Advisory Services Agreement (FASA) for the airport’s privatization, the ministry said. 

“The Negotiation Committee has been mandated to undertake negotiations and submit its recommendations to the Board for consideration and approval, in line with the applicable regulatory framework,” the Privatization Ministry said in a statement. 

The ministry said Islamabad airport operations will be outsourced under a concession model through an open and competitive process to enhance its operational efficiency and improve service delivery standards. 

Pakistan has recently sought to privatize or outsource management of several state-run enterprises under conditions agreed with the International Monetary Fund (IMF) as part of a $7 billion bailout approved in September last year.

Islamabad hopes outsourcing airport operations will bring operational expertise, enhance passenger experience and restore confidence in the aviation sector.

In December 2025, Pakistan’s government successfully privatized its national flag carrier Pakistan International Airlines (PIA), selling 75 percent of its stakes to a consortium led by the Arif Habib Group. 

The group secured a 75 percent stake in the PIA for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).

Pakistan’s Finance Minister Muhammad Aurangzeb said this week the government has handed over 26 state-owned enterprises to the Privatization Commission.