Pakistan demand compensation, writing of loans of Pakistan, other developing countries

Raza Rabbani - The News Today - TNT

ISLAMABAD: Pakistan must raise the issue of adequate compensation, including writing off loans to the developing countries, including Pakistan when the UN Secretary General visits Islamabad.

This was stated by Mian Raza Rabbani, former Senate Chairman , in a press release here on Wednesday.

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The developing countries have suffered loot and plunder of their resources at the hands of the colonial masters, Rabbani said, adding that today the rich countries are responsible for the greatest Carbon emissions and global warming.

He said that the developed countries are responsible for 79% of the historic carbon emissions. The USA, has released 509 Gt of carbon dioxide since 1850, and is responsible for the largest share of historical emissions, he added.

Cargill a USA based company, has the longest history of deforestation. This is one of the major factors for global warming, the former Senate Chairman said.

The most effected by global warming and climate change are the poor developing countries, he said, adding that the floods in Pakistan are as a consequence of climate change brought by global warming.

These imperialist countries must accept their responsibility and rehabilitate the marginalised segments of society in the developing world, particularly those affected by the floods in Pakistan, Rabbani said.

It is now time to repay, those whose wealth these plunders plundered and natural resources they stole by, directing their lackey financial institutions to make advances of monies to Pakistan and other developing countries effected by climate change, Rabbani said.

In history for political reasons, imperialist powers have written off loans of certain countries, now on humanitarian grounds Pakistan’s loans pending with the IMF and World Bank should be written off, he said.

In the face of this grave human tragedy where over 33 million people have been affected and according to WHO 1,460 health centres have been wrecked, he continued.

Read more: Japan pledges $7m emergency aid, Qatar build air bridge as WHO issues warning of worst

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