Finance

500 million Euro aid from the EU to Pakistan

Ursula von der Leyen, the Leader of the European Union (EU) Council, announced that they will provide 500 million euros of aid to Pakistan, where the flood disaster took place last year.

EU Council Leader Von der Leyen reminded that Pakistan is experiencing one of the biggest natural disasters in the world, in the video message he sent to the international conference on “Climate Resilient Pakistan” held in Geneva, Switzerland, hosted by the United Nations and Pakistan.

Von der Leyen, stating that the people of Pakistan need help, stated that they will provide 500 million euros for the reconstruction of Pakistan and humanitarian aid.

Von der Leyen said that the EU and Pakistan have recently agreed on a package of 87 million euros within the scope of economic cooperation projects, and that the EU’s humanitarian aid has increased to 172 million euros.

Due to the flood disaster in Pakistan in the summer of 2022, approximately 1740 people lost their lives and more than 12 thousand people were injured.

It was announced that the damage caused by the floods, which affected more than 33 million people across the country, exceeded 30 billion dollars. It is stated that the country needs $16 billion for its long-term recovery and rebuilding.