• URDU
  • SINDHI
Thursday, February 9, 2023
Breaking News Pakistan
  • Home
  • News
    • All
    • Business
    • Pakistan
    • Politics
    • Science
    • World
    Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

    Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

    Rohri accident delays Karachi-Lahore passenger trains by 3-10 hrs

    Rehman Baba Express derails near Hyderabad

    Marriyum concerned over delay in supply of oxygen cylinders to hospitals

    Imran responsible for dire economic situation: Marriyum

    Ban imposed on new gas connections by previous govt will be reconsidered, NA told

    Ban imposed on new gas connections by previous govt will be reconsidered, NA told

    No one to be allowed to create anarchy, chaos in country: Rana Sanaullah

    No one to be allowed to create anarchy, chaos in country: Rana Sanaullah

    Qureshi regrets ‘no acknowledgement’ for Pakistan’s Kabul evacuation efforts

    Qureshi regrets ‘no acknowledgement’ for Pakistan’s Kabul evacuation efforts

    Schools in Sindh to remain closed for an indefinite period

    Schools in Sindh to remain closed for an indefinite period

    PDM announces whitepaper on govt’s 3-year performance ‘exposing corruption, rigging’

    PDM announces whitepaper on govt’s 3-year performance ‘exposing corruption, rigging’

    Video of another woman being assaulted emerges, this time in Mirpur

    Video of another woman being assaulted emerges, this time in Mirpur

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Trending Tags

    • Balinese Culture
    • Donald Trump
    • Election Results
    • Future of News
    • United Stated
    • Sillicon Valley
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

    Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

    Indian actress stabbed thrice for refusing marriage proposal

    Indian actress stabbed thrice for refusing marriage proposal

    Boxer Amir Khan declines offer to join Pakistani politics

    Boxer Amir Khan declines offer to join Pakistani politics

    Princess Diana worried royal family spies would ‘murder’ her

    Princess Diana worried royal family spies would ‘murder’ her

    Prince Harry, Meghan Markle’s wedding was a ‘nightmare’, recalls Troian Bellisario

    Prince Harry, Meghan Markle’s wedding was a ‘nightmare’, recalls Troian Bellisario

    Atif Aslam’s song taken down from YouTube over outrage from Indian users

    Atif Aslam’s song taken down from YouTube over outrage from Indian users

    Mohammad Irfan quashes death rumours, says he is ‘well’

    Mohammad Irfan quashes death rumours, says he is ‘well’

    Kim Kardashian demands justice for Andres Guardado

    Kim Kardashian demands justice for Andres Guardado

    ‘Ertugrul’ lead actress Esra Bilgic stuns in all-black outfit in her latest photo shoot

    ‘Ertugrul’ lead actress Esra Bilgic stuns in all-black outfit in her latest photo shoot

    Kubra Khan thanks fans, friends for sweet birthday wishes

    Kubra Khan thanks fans, friends for sweet birthday wishes

    Trending Tags

    • 2018 League
    • Asian Games 2018
    • Balinese Culture
    • Bali United
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Pakistan experiences 4rth wave of COVID amid Indian variant showing rise in Karachi

    Pakistan experiences 4rth wave of COVID amid Indian variant showing rise in Karachi

    Covid-19 cases: NCOC announces to lift lockdown in Sindh from Aug 9

    Covid-19 cases: NCOC announces to lift lockdown in Sindh from Aug 9

    Another consignment of Pfizer vaccine reaches Pakistan

    Another consignment of Pfizer vaccine reaches Pakistan

    Pakistan reports 991 new Covid-19 cases, 27 deaths

    Pakistan reports 991 new Covid-19 cases, 27 deaths

    Sindh to build 110-bed new hospital in Tharparkar

    Sindh to build 110-bed new hospital in Tharparkar

    Sindh govt decides to impose complete lockdown from Sunday

    Sindh govt decides to impose complete lockdown from Sunday

    Islamabad to undergo complete lockdown from 6pm tomorrow: deputy commissioner

    Islamabad to undergo complete lockdown from 6pm tomorrow: deputy commissioner

    PM Imran Khan once more urges use of masks amid ‘dangerous third wave’

    PM Imran Khan once more urges use of masks amid ‘dangerous third wave’

    CM meets with doctors, discuss steps to contain COVID wave

    CM meets with doctors, discuss steps to contain COVID wave

    India caseload surges as experts warn of virus going airborne

    79 fall prey to Covid-19, 4,213 more infected across Pakistan

    Trending Tags

    • Budget Travel
    • Climate Change
    • Visit Bali
    • Chopper Bike
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup
    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    Twitter tests feature asking you to open article before retweeting

    Twitter tests feature asking you to open article before retweeting

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    Trending Tags

    • Bali United
    • Balinese Culture
    • Climate Change
  • Video
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Pakistan
    • Politics
    • Science
    • World
    Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

    Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

    Rohri accident delays Karachi-Lahore passenger trains by 3-10 hrs

    Rehman Baba Express derails near Hyderabad

    Marriyum concerned over delay in supply of oxygen cylinders to hospitals

    Imran responsible for dire economic situation: Marriyum

    Ban imposed on new gas connections by previous govt will be reconsidered, NA told

    Ban imposed on new gas connections by previous govt will be reconsidered, NA told

    No one to be allowed to create anarchy, chaos in country: Rana Sanaullah

    No one to be allowed to create anarchy, chaos in country: Rana Sanaullah

    Qureshi regrets ‘no acknowledgement’ for Pakistan’s Kabul evacuation efforts

    Qureshi regrets ‘no acknowledgement’ for Pakistan’s Kabul evacuation efforts

    Schools in Sindh to remain closed for an indefinite period

    Schools in Sindh to remain closed for an indefinite period

    PDM announces whitepaper on govt’s 3-year performance ‘exposing corruption, rigging’

    PDM announces whitepaper on govt’s 3-year performance ‘exposing corruption, rigging’

    Video of another woman being assaulted emerges, this time in Mirpur

    Video of another woman being assaulted emerges, this time in Mirpur

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Minar-e-Pakistan incident: 66 people arrested through geo-fencing, face matching

    Trending Tags

    • Balinese Culture
    • Donald Trump
    • Election Results
    • Future of News
    • United Stated
    • Sillicon Valley
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

    Maryam Nawaz channels her inner Halime Sultan at jalsa in GB

    Indian actress stabbed thrice for refusing marriage proposal

    Indian actress stabbed thrice for refusing marriage proposal

    Boxer Amir Khan declines offer to join Pakistani politics

    Boxer Amir Khan declines offer to join Pakistani politics

    Princess Diana worried royal family spies would ‘murder’ her

    Princess Diana worried royal family spies would ‘murder’ her

    Prince Harry, Meghan Markle’s wedding was a ‘nightmare’, recalls Troian Bellisario

    Prince Harry, Meghan Markle’s wedding was a ‘nightmare’, recalls Troian Bellisario

    Atif Aslam’s song taken down from YouTube over outrage from Indian users

    Atif Aslam’s song taken down from YouTube over outrage from Indian users

    Mohammad Irfan quashes death rumours, says he is ‘well’

    Mohammad Irfan quashes death rumours, says he is ‘well’

    Kim Kardashian demands justice for Andres Guardado

    Kim Kardashian demands justice for Andres Guardado

    ‘Ertugrul’ lead actress Esra Bilgic stuns in all-black outfit in her latest photo shoot

    ‘Ertugrul’ lead actress Esra Bilgic stuns in all-black outfit in her latest photo shoot

    Kubra Khan thanks fans, friends for sweet birthday wishes

    Kubra Khan thanks fans, friends for sweet birthday wishes

    Trending Tags

    • 2018 League
    • Asian Games 2018
    • Balinese Culture
    • Bali United
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Pakistan experiences 4rth wave of COVID amid Indian variant showing rise in Karachi

    Pakistan experiences 4rth wave of COVID amid Indian variant showing rise in Karachi

    Covid-19 cases: NCOC announces to lift lockdown in Sindh from Aug 9

    Covid-19 cases: NCOC announces to lift lockdown in Sindh from Aug 9

    Another consignment of Pfizer vaccine reaches Pakistan

    Another consignment of Pfizer vaccine reaches Pakistan

    Pakistan reports 991 new Covid-19 cases, 27 deaths

    Pakistan reports 991 new Covid-19 cases, 27 deaths

    Sindh to build 110-bed new hospital in Tharparkar

    Sindh to build 110-bed new hospital in Tharparkar

    Sindh govt decides to impose complete lockdown from Sunday

    Sindh govt decides to impose complete lockdown from Sunday

    Islamabad to undergo complete lockdown from 6pm tomorrow: deputy commissioner

    Islamabad to undergo complete lockdown from 6pm tomorrow: deputy commissioner

    PM Imran Khan once more urges use of masks amid ‘dangerous third wave’

    PM Imran Khan once more urges use of masks amid ‘dangerous third wave’

    CM meets with doctors, discuss steps to contain COVID wave

    CM meets with doctors, discuss steps to contain COVID wave

    India caseload surges as experts warn of virus going airborne

    79 fall prey to Covid-19, 4,213 more infected across Pakistan

    Trending Tags

    • Budget Travel
    • Climate Change
    • Visit Bali
    • Chopper Bike
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup
    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    US ‘certainly looking at’ banning Chinese social media apps, including Tik Tok: Pompeo

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    5G: Singapore telcos pick Nokia, Ericsson over Huawei

    Twitter tests feature asking you to open article before retweeting

    Twitter tests feature asking you to open article before retweeting

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    Trending Tags

    • Bali United
    • Balinese Culture
    • Climate Change
  • Video
No Result
View All Result
Breaking News Pakistan
No Result
View All Result
Home Breaking News

ADB approves $500m loan to help Pakistan’s coronavirus response, ‘protect poor’

admin by admin
June 10, 2020
in Breaking News, Business, Featured News, News
0
ADB approves $500m loan to help Pakistan’s coronavirus response, ‘protect poor’
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter

MANILA/KARACHI: The Asian Development Bank (ADB) has approved a loan worth $500 million to Pakistan to help the country’s coronavirus health and economic response and “protect poor” citizens, it said in a statement issued Wednesday.

The development — part of the COVID-19 Active Response and Expenditure Support (CARES) Programme — comes following a meeting of the ADB’s Board of Directors in Philippines’ capital, Manila.

In its statement, the bank said the loan would help the Pakistani government “deliver social protection programs to the poor and vulnerable, expand health sector capabilities, and deliver a pro-poor fiscal stimulus to boost growth and create jobs as the country fights the novel coronavirus disease (COVID-19) pandemic”.

Loan to ‘help plug selected funding gaps’

In this regard, ADB President Masatsugu Asakawa said: “The COVID-19 pandemic hit Pakistan at a critical point in its ongoing economic recovery program. We are fully committed to supporting Pakistan through this difficult period.

“This loan will help plug selected funding gaps as the government implements its countercyclical development plan, including strengthening the country’s social safety net and health sector capacity.”

The regional development financial institution noted that the coronavirus pandemic was forecast to hamper Pakistan’s economic growth, revenue collection, and employment. The country’s response to the outbreak of the respiratory illness was hindered owing to a low ration of healthcare workers to population and a lack of hospital beds.

‘Acquisition of additional ventilators’

The ABD’s CARES programme would aid “various government initiatives, including cash assistance payments to 3 million daily wage workers, of whom approximately 23% are women, and cash grants to 7.5 million families under the Kifalat social protection program”, the statement added.

“The program will also help fund the acquisition of additional ventilators and COVID-19 protective kits for medical staff, including appropriately sized personal protective equipment for women.

“To prevent job losses, the loan will support young entrepreneurs, including at least 25% women, through the government’s youth entrepreneur scheme, Kamyab Jawan,” it noted further.

The $500-million loan, it explained, was funded via the COVID-19 pandemic response option (CPRO) — part of its $20-billion additional aid announced April 13 for developing nations’ response to coronavirus — under ADB’s Countercyclical Support Facility.

Unused resources of Pakistan Earthquake Fund

The financial body said its programme would facilitate parallel financing of $500 million each from the Asian Infrastructure Investment Bank and the World Bank’s Securing Human Investments to Foster Transformation (SHIFT) development policy credit programme.

Last week, the bank and the Pakistani government had signed a deal to support the country’s response to the novel coronavirus in Khyber Pakhtunkhwa through the National Disaster Risk Management Fund (NDRMF).

Under the agreement, the Norwegian government was to provide a $5.28-million grant to strengthen the emergency response system in KP amid the COVID-19 crisis. The grant was drawn from unused resources of the Pakistan Earthquake Fund and was to be administered by the ADB.

Last month, when Pakistan had recorded more than 43,000 cases of the virus, the ADB had approved a $300-million emergency assistance loan to boost the country’s response to the coronavirus pandemic.

Technical assistance

It had said the loan would be used to purchase medical supplies and personal protective equipment (PPEs) for hospital staff and their training, purchase of emergency vehicles, and strengthening COVID-19 awareness among marginal communities with limited television or internet connectivity.

Prior to that, in April, the ADB had reallocated $30 million from Pakistan’s National Disaster Risk Management Fund (NDRMF) Project and the NDRMF Board of Directors allocated an additional $20 million to procure medical equipment to strengthen hospitals and other medical facilities in the country.

It had also mobilised existing technical assistance — capacity building of Disaster Risk Management Institutions — to provide training for at least 5,000 doctors, nurses, and technical staff working on the front lines in intensive care facilities. In March, the lender approved $2.5 million in immediate response grant funding to help Pakistan purchase emergency medical supplies, PPEs, diagnostic and laboratory supplies, and other equipment. It had comprised $2 million from the bank’s Asia Pacific Disaster Response Fund and $500,000 for procurement of supplies through the United Nations Children’s Fund (UNICEF).

Tags: ADB
admin

admin

Related Posts

Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan
Breaking News

Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

May 13, 2022
Rohri accident delays Karachi-Lahore passenger trains by 3-10 hrs
Breaking News

Rehman Baba Express derails near Hyderabad

May 13, 2022
Marriyum concerned over delay in supply of oxygen cylinders to hospitals
Breaking News

Imran responsible for dire economic situation: Marriyum

May 13, 2022
Next Post
Iran urges UNSC members to oppose US ‘conspiracy’ to extend arms embargo

Iran urges UNSC members to oppose US 'conspiracy' to extend arms embargo

Petrol crisis: PHC summons petroleum minister on Thursday

Petrol crisis: PHC summons petroleum minister on Thursday

Park Lane reference: Asif Ali Zardari’s indictment postponed till June 26

Park Lane reference: Asif Ali Zardari's indictment postponed till June 26

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan
Breaking News

Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

by admin
May 13, 2022
Rohri accident delays Karachi-Lahore passenger trains by 3-10 hrs
Breaking News

Rehman Baba Express derails near Hyderabad

by admin
May 13, 2022
Marriyum concerned over delay in supply of oxygen cylinders to hospitals
Breaking News

Imran responsible for dire economic situation: Marriyum

by admin
May 13, 2022
Ban imposed on new gas connections by previous govt will be reconsidered, NA told
Breaking News

Ban imposed on new gas connections by previous govt will be reconsidered, NA told

by admin
May 13, 2022
No one to be allowed to create anarchy, chaos in country: Rana Sanaullah
Breaking News

No one to be allowed to create anarchy, chaos in country: Rana Sanaullah

by admin
May 13, 2022

Topics

Balochistan Bilawal Budget 2020-21 Climate Change COAS Coronavirus COVID-19 Donald Trump ECP Election Results Federal cabinet Flat Earth Future of News Golden Globes Govt IHC Imran India infects ISPR Karachi LHC Market Stories Maryam MotoGP 2017 Mr. Robot Murad NAB Nawaz Sharif Pakistan Pakistanis PDM PM PM Imran PML-N PPP PTI SC schools Shehbaz Sheikh Rashid Sillicon Valley Sindh Sindh govt United Stated
No Result
View All Result
Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan

by admin
May 13, 2022
0

MARDAN (Web Desk):- Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday while calling out the former...

Rohri accident delays Karachi-Lahore passenger trains by 3-10 hrs

Rehman Baba Express derails near Hyderabad

by admin
May 13, 2022
0

KARACHI (Web Desk):-  A passenger train, Rehman Baba Express which was coming from Peshawar to Karachi on Friday derailed at...

Marriyum concerned over delay in supply of oxygen cylinders to hospitals

Imran responsible for dire economic situation: Marriyum

by admin
May 13, 2022
0

LAHORE (Web Desk):-  Minister for Information and Broadcasting Marriyum Aurangzeb on Friday has said that former Prime Minister Imran Khan...

Ban imposed on new gas connections by previous govt will be reconsidered, NA told

Ban imposed on new gas connections by previous govt will be reconsidered, NA told

by admin
May 13, 2022
0

ISLAMABAD(Web Desk):- The National Assembly was informed on Friday that the ban imposed on new gas connections by the previous...

Highlights

Ban imposed on new gas connections by previous govt will be reconsidered, NA told

No one to be allowed to create anarchy, chaos in country: Rana Sanaullah

Qureshi regrets ‘no acknowledgement’ for Pakistan’s Kabul evacuation efforts

Schools in Sindh to remain closed for an indefinite period

PDM announces whitepaper on govt’s 3-year performance ‘exposing corruption, rigging’

Video of another woman being assaulted emerges, this time in Mirpur

Facebook Twitter Youtube RSS
Breaking News Pakistan

We bring you the latest news around the globe.

Whatsapp: 0337 0359958

Recent News

  • Never seen a coward like PML-N supremo Nawaz Sharif in entire life: Imran Khan
  • Rehman Baba Express derails near Hyderabad
  • Imran responsible for dire economic situation: Marriyum

Important Links

  • About
  • Advertise
  • Careers
  • Contact

Breaking News Pakistan © 2020. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Website Development by Cyber Design

No Result
View All Result
  • Home

Breaking News Pakistan © 2020. Ali Zafar Awan (CEO) 0317 4282208, Director News: Sadar ud din Jokhio. Website Development by Cyber Design