| Karachi: Karachi Relief Trust (KRT) has partnered with Bank Alfalah to fund the construction of low-cost, sustainable houses for the flood-affected communities in Sindh, news sources reported on March 2.
Read: ADB approves funds for emergency assistance in Balochistan’s flood-affected areas
Under the collaboration, Bank Alfalah will provide PKR 50 million to reconstruct two clusters of low-cost houses in villages that were devastated by the floods, comprising 70 homes each, at an estimated cost of PKR 350,000 per house. Speaking at the signing ceremony, Bank Alfalah President and CEO Atif Bajwa said that the donated amount will facilitate the rebuilding of infrastructure in the medium to long term, aiding the affected areas in returning to normalcy. He said that the collaboration has been part of the two-pronged approach, which includes rescue and relief, followed by rebuilding and rehabilitation under the ‘Reimagine: Build Back Better.’
Read: Japan to donate USD 5 mn for flood relief efforts in Pakistan
It is important to note that the devastating flood last year caused a humanitarian crisis in Pakistan, leading to over 30 million displaced people and over USD 30 billion in infrastructural damage. The government has partnered with multiple governments and non-governmental organizations (NGOs) for the rehabilitation of affected people. |
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