Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Govt redirects $40m non-utilised funds from World Bank projects to fight coronavirus

byCT Report
21/03/2020
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD: The government on Friday redirected $40 million non-utilised sums from World Bank projects that can be used by the federal and provincial government to battle the coronavirus, announced Minister for Economic Affairs Hammad Azhar.

According to the breakdown shared by the minister, Punjab has $7.5 million, Sindh has $10 million, Khyber Pakhtunkhwa has 7 million, Balochistan has 2 million, while the federal government has $13.5 million.

You might also like

New transit framework with Iran to position Pakistan as regional trade hub: ICCI

28/04/2026

Pakistan not seeking new financing from friendly countries: Aurangzeb

28/04/2026

The number of COVID-19 cases in Pakistan shot up to 451 on Friday, after new cases were reported in Sindh, Punjab and Balochistan. The third death from the virus was also confirmed, in the province of Sindh. Two days earlier, Pakistan’s first two deaths were recorded in Khyber Pakhtunkhwa: a 36-year-old and a 50-year-old.

Globally, 176 countries have been affected, more than 10,000 people have died and more than 245,000 infected by the disease as it spreads rapidly to new territories. The epicentre of the outbreak has now shifted to Europe, which is recording a rapid rise in new cases every day.

China has provided aid worth $4 million to Pakistan, alongside medical face masks and ventilators, Azhar had announced on Thursday.

In a post on Twitter, Azhar expressed gratitude to China and said that the ally had provided “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,” he added. He also said emergency funds worth Rs7.5 billion from the National Disaster Risk Management Fund (NDRMF) — supported by the Asian Development Bank (ADB) — were made available to the National Disaster Management Authority (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,” the federal minister wrote.

Azhar said that his own division was in the process of finalising a $600 million “emergency package” to deal with the outbreak in the country. “It includes reallocations and fresh financing. This will be in addition to local funding that is being made available,” he said.

 

Related Stories

New transit framework with Iran to position Pakistan as regional trade hub: ICCI

byCT Report
28/04/2026

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI), has warmly welcomed the federal government’s recent decision to facilitate the transit...

Pakistan not seeking new financing from friendly countries: Aurangzeb

byCT Report
28/04/2026

SLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb has said that Pakistan has no intention to seek new...

Pakistani seafarers set sail on Norwegian-flagged ships under fresh MoU: Junaid Anwar Chaudhry

byCT Report
28/04/2026

ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry welcomed the signing of a memorandum of understanding (MoU) with...

PRA chairman reviews service sector’s revenue targets

byCT Report
28/04/2026

LAHORE: Punjab Revenue Authority Chairman Moazzam Iqbal Sipra chaired a meeting to review progress on revenue targets from the services...

Next Post

M/s Wali Khan Trading approaches SHC against detention of imported consignment

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.