EAD finalizing approx. UD 600 million emergency package with Multilaterals: Hammad Azhar

By MG News | March 19, 2020 at 10:00 PM GMT+05:00

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March 19 2020 (MLN): The Economic Affairs Division is finalising an approx $600 million emergency package with Multilaterals for dealing with Covid-19 outbreak across the country Hammad Azhar said on Twitter.

This includes reallocations and fresh financing and will be in addition to local funding that is being made available.

He further tweeted “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.”

He also thanked 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.

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