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Pakistan Redirects $40 Million Non-Utilized Funds, US announces $1 Million Aid

Pakistan Redirects $40 Million Non-Utilized Funds, US announces $1 Million Aid

The government has redirected $40 million of non-utilized funds from World Bank projects to fight against the rising coronavirus pandemic, reported on Friday.

Federal Minister for Economic Affairs informed that the funds would be used by the federal and provincial governments to purchase equipment and take measures against COVID-19. Sharing the breakdown of the funds, Hammad informed that Punjab will receive $7.5mn, Sindh $10mn, Khyber Pakhtunkhwa $7mn, Baluchistan $2mn, while $13.5mn will be used by the federal government.

Earlier, the minister informed that the government is finalizing an approximately $600 million emergency package with multilateral for dealing with the coronavirus (Covid-19) outbreak across the country. The minister tweeted, “Economic Affairs Division (EAD) is finalizing an approx. $600 million emergency package with multilateral 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”, he added.

Minister said that emergency funds from the Asian Development Bank (ADB) supported NDRMF (approx. Rs7.5 billion) were also being made available for the NDMA. This is in addition to funds already made available by the Finance Division for immediate use by the authority. Reallocations from foreign-funded projects are also being diverted towards it.

Image Source: Brecorder

The United States announced on Friday that it will fund one million dollars to Pakistan for it to fight the novel coronavirus.

In Pakistan more than 450 people have been infected with the virus, with the country reporting its first two deaths on Wednesday due to the virus.

In a tweet United States Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells said that the US and Pakistan are longstanding partners in tackling global health challenges. She further said that the US will provide one million dollars to Pakistan under USAID program to ‘bolster the monitoring and rapid response against coronavirus’.

In another tweet, Wells said there are over 100 Pakistani graduates engaged in the lab training of Centers for Disease Control and Prevention, investigating Coronavirus cases in Punjab and Gilgit Baltistan.

Tags : COVID-19pakistanUSUS Aid

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