Ministry of Planning clears total $588 million funds from WB, ADB for COVID-19 emergency response

News Image

By MG News | March 18, 2020 at 06:29 PM GMT+05:00

0:00

March 18, 2020: A special meeting of Concept Clearance Committee / CDWP was held today under the Chairmanship of Deputy Chairman Planning Commission Mohammad Jehanzeb Khan. Member Social Sector Dr. Shabnum Sarfraz, Member Private Sector Asim Saeed, DG Health Dr. Safi, Country Director, World Bank, Illango Patchamuthu, ADB Country Director Xiaohong Yang and representatives from EAD, Finance, and health ministry were also present in the meeting.

The project concept titled “Pakistan National Emergency Preparedness and Response Plan for COVID-19” was presented and was subsequently approved. 

The emergency project focus on taking measures through additional resources for strengthening the integrated disease surveillance and response system across the country through establishing isolation rooms, ensuring the availability of Infection Prevention and Control ( IPC) equipment and protective clothing for the health teams, timely diagnostics and procurement of equipment and ventilators for critical care/case management across the country.

It also included the establishment of a real-time surveillance mechanism for early detection and embedding of prevention and control measures to halt/minimize local transmission.

Ministry of Planning cleared an amount of 238 million dollars from World Bank funding and endorsed another 350-million-dollar funding offered by the Asian Development Bank (ADB) in support of the COVID-19 emergency response and to address the socio-economic disruption associated with it.

While chairing a meeting Deputy Chairman Planning Commission Mohammad Jehanzeb Khan thanked ADB and World Bank for the all-out support to Pakistan during testing times. He said that not only we need to enhance our cooperation to jointly fight challenges, but we must also work to demonstrate our firm commitment for multifaceted cooperation in different fields.

Country Director, World Bank, and ADB elaborated on the various financial instruments that would be made available to support the Government for responding to the COVID-19, both for the emergency response as well as for catering to the socio-economic impact of the epidemic on the vulnerable and marginalized population.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg