FM attends briefing session on IDA-18 replenishment process
Minister for Finance and Revenue Mohammad Ishaq Dar on Friday informed the National Assembly that the government has a comprehensive plan for rehabilitation and return of Internally Displace Persons (IDPs) as they rendered supreme sacrifices for the country.
Responding to a point of orders raised by Jamal ud Din and Ghulam Sarwar Khan, the minister said complete rehabilitation and respectful return of Internally Displaced Persons (IDPs) to their native areas was government's top priority. He said a separate cell has been set- up in Economic Affairs Division for welfare of Tribal Displaced Persons (TDPs). Ishaq Dar said wheat costing Rs.20 billion was provided to IDPs through World Food Programme while a sum of Rs.16-17 billion cash was disbursed among them.
He said an amount of some Rs.80 billion was specified for rehabilitation of TDPs, adding that a proposal was also on card to pay lump sum amount to the TDPs for construction of houses and rehabilitation. Ministry of States and Frontier Regions (SAFRON), FATA Secretariat and other state institutions were engaged to ensure dignified return of TDPs to their hometown, he added.
He said the government was also ready to take necessary steps for those TDPs who have gone to Afghanistan if details were provided.
The minister said the Economic Coordination Committee (ECC) would play its role to ensure salaries payment to employees of HMC. He said he would check where the ministry of industries had sent summary for payment of salaries to HMC employees. Meanwhile, Minister for Planning and Development Ahsan Iqbal told the House US $ 35 billion out of US $ 46 billion under China Pakistan Economic Corridor (CPEC) were for energy related projects while the rest were for other projects.
Meanwhile, Finance Minister Senator Mohammad Ishaq Dar here last evening chaired a briefing session on the International Development Association (IDA-18) replenishment process and directed the Economic Affairs Division (EAD) to keep close coordination with the process. Secretary Economic Affairs Division (EAD) briefed the minister about the deliberations held by the World Bank Group on IDA-18 replenishment process at Paris from 1315 March 2016. The deliberations he said were attended by 48 IDA donors and 14 IDA beneficiary countries representatives. The delibera- tions he said were attended by 48 IDA donors and 14 IDA beneficiary countries representatives. Pakistan represented South Asian beneficiary countries on the occasion
During the course of the deliberations it was decided that investment in growth resilience, gender, job creation and climate resilience would be the target sectors for IDA financing. The Pakistan representative emphasized concessional financing for green energy and financing for human resource development. During the deliberations it was also decided that there would be four rounds of discussion on IDA replenishment and final round will be held in December this year. It may be mentioned that IDA financing is the most concessional financing made available by the World Bank Group. Pakistan will continue to be a beneficiary of IDA-18. Pakistan has also decided to become IDA donor. Prime Minister Nawaz Sharif on the recommendations of the Finance Minister Ishaq Dar has decided to contribute US$ 25 million for the three year IDA-18 cycle. The Finance Minister on the occasion appreciated the position taken by Pakistan's representative at the IDA meeting/deliberations and directed the EAD to keep close coordination with the IDA-18 replenishment process.