World Bank approves US Dollar5 million grant for Balochistan – Alfalah Securities Limited

Karachi, July 20, 2012 (PPI-OT): World Bank has approved USD 5 million grant for Baluchistan Disaster Management Project (BDMP) to prepare for any natural disaster.

According to Alfalah Securities Limited, the cyclone Yemyin of 2007 and the historic floods of 2010 resulted in significant losses to life and property while in 2011 several districts of Baluchistan were faced severe floods. Through this support, a hazard and risk assessment of the provincial capital will also be conducted and a community-based disaster risk management programme will be developed.