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KARACHI         - 021 LAHORE          - 042 ISLAMABAD    - 051 FAISALABAD   - 041 MULTAN          - 061 PESHAWAR    - 0521 CANADA          - 1 KUWAIT           - 965 INDIA               - 91 IRAN                - 98 U.K                   - 44 U.A.E                - 971 U.S.A                - 1

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  ECONOMY WATCH

Selected by Zeeshan Ahmed Khan
Nov 14 - 20, 2005

EARTHQUAKE AFTERMATH

Over one month has passed and official figures of earthquake effects are not yet finalized. People are getting random information of pleaded grants and aid from a number of organizations, international institutions, countries and government. The accurate figure of received amount is not yet finalized. It is also imperative to know that many sources have only promised the aids and grants but not yet released the funds.

TOTAL LOSS ESTIMATES:

According to the estimates of official sources of Pakistan, the total loss is of $5.20 billion. However, donor agencies estimate the amount at $4.0 billion. The death toll is 73,276 according to federal relief commissioner. While some 69,260 people were injured and 2.8 million people rendered homeless. The quake destroyed over 203,579 housing units and damaged another 196,574. These figures suggests that the tragedy is equally as bad as of Tsunami disaster that had rocked the East Asia in near past.

FINANCIAL ASSISTANCE REQUIRED:

The recovery will need some $5.198 billion. Of this total amount, $205 million are needed for compensation, $1.092 billion for relief, $301 million for early recovery, $97 million for livelihood, $450 million for short term reconstruction and $3.053 billion for medium and long term reconstruction.

FINANCIAL ASSISTANCE PROVIDED BY THE GOVERNMENT

The government had initially announced Rs2.0 billion rupees within three days of earthquake. On 10th Nov, government had distributed Rs20 billion among affected people. The break-up of this amount, according to the Federal Relief Commissioner Camp Office; Rs.829.8 million have been distributed among affected families of 8298 dead, Rs.35.7 million were distributed among 1426 injured and Rs.278.4 distributed among people as compensation for damages to 11,138 houses. In Azad Kashmir Rs.275.4 million have been distributed as compensation for deaths and Rs. 240.8 million for damaged houses. In NWFP, Rs.554.4 million have been paid as compensation for deaths, Rs.35.7 million paid to the injured and Rs.278.4 million paid as compensation for houses damage.

BRIEFING TO CABINET: On Nov-01, the cabinet was informed that President's emergency relief fund has so far received Rs6.0 billion rupees. A rough and unofficial estimate claimed on Nov-11 that the amount is actually Rs7-8 billion now. It was also informed that about 265,000 tents and 3.3 million blankets had been distributed. The Cabinet Committee on Fund Raising from Business Community for Earthquake Relief has mobilized Rs8.4 billion from 239 business groups.

BILATERAL HELP: China has offered $26million. Pakistan has received $133 million from Saudi Arabia, $100 million from Kuwait and $100 million from UAE.

United Nations Appeal: Initially UN appealed for $272 million which was then revised to $312 million. On Nov-11th the total amount appealed was $550 million. Out of this amount, only $133 million was pledged by international community. Moreover, only $83.8 million have been received as yet. Including bilateral help, grants and aid total $1.2billion has been pledged till early November.

Financial Assistance from Countries and Organizations:

USA: pledged $156 million, which is the largest stand-alone assistance.

USAID: $46.4 million including relief good received.

DIRECT RELIEF INTERNATIONAL, USA: $5.7 million worth relief supplies and medicines.

CHINA: $26.73 million including relief goods.

DEC: Disasters Emergency Committee's (DEC) Asia pledged 30 million.

IRAN: Iran has set up a $200 million credit line to encourage its engineering firms to help rebuild earthquake-shattered towns and roads in Pakistan.

IDB: The bank will provide US dollars 251.6 million to Pakistan. Of the total, US $1.6 million will be a non-refundable grant, US $100 million lease finance for 20 years, including a 5-year grace period with concessional mark-up of 3.825 per cent and US $100 million for trade finance to be used for import of petroleum products with concessional fee of one year LIBOR with 18 month repayment.

TURKEY: Turkey has announced a relief package of $150 million, including financial assistance of $100 million and relief goods worth $50 million, including one million blankets, 50,000 tonnes of flour and 25,000 tonnes of sugar.

UK: Committed 33 million pounds on 20th Oct.

W.H.O: Provided 100,000 doses of anti-tetanus globulin.

JAPAN: Pledged $20 million just after the quake.

NEPAL: Offered $50,000 for relief.

CAMBODIA: Pledged $60,000 on Oct 11th.

AKDN: Aga Khan Development Network announced Rs30 million on 10th Oct.

AUSTRALIA: Committed $7.6 million.

EU: Committed $4.4 million initially.

SOUTH KOREA: Committed $3 million.

INDIA: 26 tonnes relief supplies, 15000 blankets and 50 tents.

THAILAND: Pledged 5 million Bhatt ($122,000).

Foreign help in medical field: Field hospitals: 24, medical teams: 10, Rescue teams: 04.

FIELD HOSPITALS

COUNTRY

LOCATION

TEAM

DOCTORS

CAPACITY

KSA

Mansehra

61

10

50

Italy

Mansehra

41

7

200

Malaysia

Batgram

17

9

50

WHO/UNICEF

Batgram

~

~

100

UAE

Balakot

42

7

100

France (MSF-2)

Balakot

~

~

20

Iran

GHB

68

10

50

Ukraine

Bisham

84

33

100

Libya

Jabori

~

~

30

IRCF

Abbotabad

~

~

~

France

Muzzafarabad

46

20

20

Turkey

Muzzafarabad

21

14

50

Qatar

Muzzafarabad

32

17

50

USA-1

Muzzafarabad

~

~

32

IRC

Muzzafarabad

~

~

100

Turkey (RC)

Muzzafarabad

16

8

50

Jordan

Rawalakot

52

8

25

 
 

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