ISLAMABAD: The Asian Development Bank (ADB) has granted an emergency loan of $500 million to fund social protection programmes, expand health sector capabilities and to boost growth.
“ADB was fully committed to supporting Pakistan in its ongoing economic recovery programme through this difficult period of the pandemic”, announced ADB President Masatsugu Asakawa.
The loan will be utilised to help the vulnerable groups of the society, increase medical capacities and create jobs to boost the economic growth amidst COVID-19.
The ADB has pledged to fully support the incentives given by the government under its Covid-19 Active Response and Expenditure Support (CARES) Programme, including the Kafalat social protection programme, and the financial assistance to 3 million daily wage workers to mitigate the impact of COVID-19.
In addition, the allocated fund will also be utilised to procure additional ventilators and coronavirus protective kits for health care staff, including personal protective equipment (PPE).
A part of the fund will be used to support young entrepreneurs, including at least 25% of women under the government’s Kamyab Jawan programme.
For news and blogs, visit Graana.com.
The Indus Highway, officially called National Highway 55 (N-55), is a 1264 km two—to four-lane…
Khairpur Tamewali is a town located in Bahawalpur, Pakistan. Known initially as Tanori, named after…
Amidst the lush valleys of the Malakand region in Khyber Pakhtunkhwa, Pakistan, lies the city…
Situated at the base of a hill with natural springs and shaded by a verdant…
Phool Nagar is in Pakistan's Punjab Province, in the Kasur District. It changed its name…
Amidst the fertile plains of Sindh province in Pakistan lies the captivating city of Sakrand.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
