National Disaster Risk Management Fund approves 10 projects

Islamabad: The Board of Directors of the National Disaster Risk Management Fund (NDRMF) has approved 10 projects aimed at the reduction of disaster risk at the cost of Rs4.9 billion, including a grant financing worth Rs3.6 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

A meeting of the board presided over by the Finance Secretary Naveed Kamran Baloch on Monday found in attendance the Asian Development Bank’s Country Director Ms Xiaohong Yang, Additional Secretary Economic Affairs Zulfiqar Haider Khan, Secretary Climate Change Hassan Nasir Jamy and NDRMF’s Chief Executive Officer retired Lt Gen Nadeem Ahmed.

An official statement said these projects will be implemented by the irrigation departments of Punjab, Sindh, Gilgit-Baltistan, the Provincial Disaster Management Authority, Sindh, the Communication and Works Department of Azad Jammu and Kashmir, Rescue 1122 Gilgit-Baltistan, Pakistan Meteorological Department, Pakistan Poverty Alleviation Fund and Muslim Aid Pakistan.

The projects are aimed at a variety of disasters. The focus is mainly on management and reduction of the risk. The projects include activities related to Flood Protection Works, Tsunami & Earthquake Early Warning System, Landslide Control Management, Emergency Response Services, Weather Radar System, Drought Mitigation and Community-based Disaster Risk Management. The complete cost of these projects is estimated at Rs4.925 billion. The NDRMF shall finance around Rs3.6 billion through a grant, and the remaining amount shall be made available by government and non-government entities. The fund has already approved disaster risk reduction projects worth approximately Rs2.5 billion early this year, which bring the cost of projects launched this year to over Rs7.5 billion.

These projects are in the nascent stages of implementation. The National Disaster Management Authority, Punjab Irrigation Department, Pakistan Red Crescent Society, Islamic Relief Pakistan and a joint venture of Aga Khan Foundation and Aga Khan Planning and Building Services are making steady progress in the implementation of the projects launched early this year.

The NDRMF is actively trying to help the authorities increase the resilience against the vulnerabilities faced due to various natural hazards that are faced by the country and its population. These disaster risk reduction schemes are aimed at reducing the socioeconomic and fiscal vulnerabilities by financing infrastructure and schemes specifically targeting risk reduction. These projects will certainly help in decreasing the risk and will have high economic impacts.

Maham Tahir

Recent Posts

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

11 mins ago

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