EAD finalizing emergency package to deal with Covid-19: Hammad


Islamabad, 20 March 2020 – Talha Akhtar:

Minister for Economic Affairs Hammad Azhar says Economic Affairs Division is finalizing an emergency package amounting approximately 600 million dollars with Multilaterals for dealing with Covid-19 outbreak across the country.

In a series of tweets tonight, he said this package includes reallocations and fresh financing.

The Minister said this will be in addition to local funding that is being made available.

He thanked the People’s Republic of China for providing grant assistance of 4 million dollars along with 300,000 medical face masks, 10 ventilators and other equipment.

The Minister said emergency funds from Asian Development Bank are also being made available for National Disaster Management Authority.

This is in addition to funds already made available by finance division for immediate use by authority.

He said reallocations from foreign funded projects also being diverted towards it.