Pakistan to receive huge grant from international Financial institutions over coronavirus outbreak

Shares
Pakistan to receive huge grant from international Financial institutions over coronavirus outbreak

ISLAMABAD: Pakistan to seek huge grant from international Financial institutions over coronavirus outbreak.

Pakistan will receive a grant of US$588 million from international financial institutions for tackling the spread of coronavirus that has claimed a life and infected over 250 people across the country.

The announcement was made during a meeting of Planning Commission chaired by its Deputy Chairman Jahanzeb Khan.

The World Bank has announced a grant of US$ 238 million while the Asian Development Bank would provide US$350 million for supporting preventive measures to be taken across the country, the meeting was told.

The meeting also approved the ‘Pakistan National Emergency Plan’ under which funds would be earmarked for the establishment of isolation centres link across the country to deal with the virus outbreak.

A comprehensive strategy would be developed to monitor the coronavirus-related situation round the clock.

Ventilators and other extra machinery and items will be supplied across the country, the meeting decided along with the provision of preventive gear required for health teams and medics treating the patients.

It is pertinent to mention here that Prime Minister (PM) Imran Khan has predicted on Tuesday that the novel coronavirus will destroy the economy of the developing countries.

More from this category