ADB grants emergency loan worth $300mn to Pakistan

ISLAMABAD: To execute urgent measures and control the local transmission of COVID-19 across Pakistan, the Asian Development Bank (ADB) has announced to grant emergency financial assistance worth $300 million.

invest with imarat

Islamabad’s emerging city centre

Learn More

The authorities have been advised to utilise the allotted funds to improve the health care system and facilities being provided to those impacted.

The issued grant will also be used for the purchase of personal protection equipment (PPEs) and upgradation of medical supplies to cater the hospitals and health workers.

By utilising the funds, the authorities will extend financial support to deserving segments of the society especially women affected by the COVID-19 under the government’s Ehsaas Emergency Cash Assistance Package.

Speaking on the occasion, ADB Vice President Shixn Chen said the financing assistance will help strengthen Pakistan’s public health capabilities, provide immediate support to vulnerable women and their families.

In addition, a grant worth $5.28 million was contributed by the government of Norway. This grant will be administered by the ADB.

For news and blogs, visit Graana.com. 

Maham Tahir

Recent Posts

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago

Amma Tower: A Landmark in Urban Living & Commerce

Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…

4 days ago