AVN 67.30 Increased By ▲ 0.65 (0.98%)
BOP 9.82 Increased By ▲ 0.07 (0.72%)
CHCC 128.31 Decreased By ▼ -1.64 (-1.26%)
DCL 11.26 Increased By ▲ 0.06 (0.54%)
DGKC 111.92 Decreased By ▼ -0.93 (-0.82%)
EFERT 61.68 Increased By ▲ 0.93 (1.53%)
EPCL 44.78 Increased By ▲ 1.03 (2.35%)
FCCL 21.12 Increased By ▲ 0.07 (0.33%)
FFL 17.77 Increased By ▲ 0.32 (1.83%)
HASCOL 21.87 Increased By ▲ 0.91 (4.34%)
HBL 133.11 Increased By ▲ 1.36 (1.03%)
HUBC 82.00 Increased By ▲ 1.78 (2.22%)
HUMNL 8.10 Decreased By ▼ -0.01 (-0.12%)
JSCL 29.90 Decreased By ▼ -0.81 (-2.64%)
KAPCO 27.88 Increased By ▲ 1.39 (5.25%)
KEL 4.21 Increased By ▲ 0.05 (1.2%)
LOTCHEM 12.67 Increased By ▲ 0.17 (1.36%)
MLCF 39.49 Decreased By ▼ -0.17 (-0.43%)
OGDC 105.49 Increased By ▲ 1.16 (1.11%)
PAEL 37.30 Increased By ▲ 0.35 (0.95%)
PIBTL 13.58 Increased By ▲ 0.33 (2.49%)
PIOC 97.80 Decreased By ▼ -0.70 (-0.71%)
POWER 9.52 Increased By ▲ 0.14 (1.49%)
PPL 93.69 Increased By ▲ 0.58 (0.62%)
PSO 207.25 Increased By ▲ 5.75 (2.85%)
SNGP 64.41 Increased By ▲ 0.60 (0.94%)
STPL 14.17 Increased By ▲ 0.27 (1.94%)
TRG 55.33 Increased By ▲ 0.73 (1.34%)
UNITY 18.39 Increased By ▲ 0.29 (1.6%)
WTL 1.20 Increased By ▲ 0.01 (0.84%)
BR100 4,328 Decreased By ▼ -17.62 (-0.41%)
BR30 21,976 Decreased By ▼ -106.9 (-0.48%)
KSE100 41,701 Decreased By ▼ -105.14 (-0.25%)
KSE30 17,606 Decreased By ▼ -52.86 (-0.3%)
COVID-19 TOTAL DAILY
CASES 309,015 798
DEATHS 6,444 7

FORT BREGANCON, (France): An emergency donor conference on Sunday for blast-stricken Lebanon raised pledges worth nearly 253 million euros ($298 million) for immediate humanitarian relief, the French presidency said.

Those commitments would not be conditional on political or institutional reform, President Emmanuel Macron's office said. There were also pledges made for longer-term support that would depend on changes brought in by the authorities, the Elysee Palace said.

World powers promised not to fail the Lebanese people as the capital, Beirut, recovers from the massive explosion that killed 158 people and destroyed swathes of the city last Tuesday.Lebanon was already mired in political and financial crisis before the blast.

Foreign countries demanded transparency over how the aid is used, wary of writing blank cheques to a government viewed by its own people as deeply corrupt. Some are concerned about the influence of Iran through the Shi'ite group Hezbollah.

The "assistance should be timely, sufficient and consistent with the needs of the Lebanese people ... and directly delivered to the Lebanese population, with utmost efficiency and transparency," the final communique stated.

Macron, who visited Beirut on Thursday, hosted the conference by video-link and in his opening remarks urged participating nations to put aside their differences and support the Lebanese people.

The international response should be coordinated by the United Nations in Lebanon, he added.

The offer of assistance included support for an impartial, credible and independent inquiry into the blast. Public anger over the explosion has prompted some Lebanese to call for a revolt to topple their political leaders.

"Our role is to be by their side," Macron said from his summer retreat on the French Riviera.

REFORMS

President Donald Trump told the conference the United States was ready to continue providing aid to help the Lebanese, the White House said.

"The President called for calm in Lebanon and acknowledged the legitimate calls of peaceful protesters for transparency, reform and accountability," a White House statement said.

The explosion gutted entire neighbourhoods, leaving 250,000 people homeless, razing businesses and destroying critical grain supplies.

Rebuilding Beirut will likely run into the billions of dollars. Economists forecast the blast could wipe up to 25% off of the country's GDP.

Up to Sunday's conference there had been an array of offers of immediate humanitarian support such as rescue teams and medical supplies.

In a sign of the mistrust between Beirut and donors before the blast, debt default talks between the Lebanese government and International Monetary Fund had stalled in the absence of reforms.

The communique said Lebanon's partners were ready to support the country's longer-term economic recovery if leaders committed fully to the changes expected by the Lebanese.