Govt Preparing a $600 Million Package to Control the Coronavirus Outbreak - Android
The government is finalizing a $600 million emergency package to deal with the Coronavirus outbreak across the country. This was… Read More
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The government is finalizing a $600 million emergency package to deal with the Coronavirus outbreak across the country. This was stated by the federal minister for Economic Affairs Hammad Azhar on Thursday.
The minister tweeted,
Economic Affairs Division is finalising an approx $600 million emergency package with Multilaterals for dealing with Covid-19 outbreak across the country. It includes reallocations and fresh financing.
This will be in addition to local funding that is being made available.— Hammad Azhar (@Hammad_Azhar) March 19, 2020
The minister said that emergency funds from the Asian Development Bank (ADB) are also being made available for NDMA. This is in addition to funds already made available by finance division for immediate use by the authority. Reallocations from foreign-funded projects are also being diverted towards it.
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“I would like to thank the People’s Republic of China for providing grant assistance of USD 4 million along with 300,000 medical face masks, 10 ventilators and other equipment. They have also undertaken to arrange for much greater number of ventilators”, Azhar added.
The government has decided reallocation of non-utilized funds and to seeks fresh funds from multilateral agencies to deploy towards Coronavirus (Corvid-19) prevention across the country, the minister added. “We aim to make these funds available to relevant departments by next week,” he added.
Emergency funds from ADB supported NDRMF (approx Rs 7.5 bn) are also being made available for NDMA. This is in addition to funds already made availaible by finance division for immediate use by authority. Reallocations from foreign funded projects also being diverted towards it.
— Hammad Azhar (@Hammad_Azhar) March 19, 2020
He further said that the finance division is also working in close coordination with the advisor on health for the provision of local funds. The provinces have also been asked to keep close coordination with their respective health departments for the provision of resources.
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