Business
ADB releases funds worth $1.5b to Pakistan under BRACE program
The $1.5 billion countercyclical support is part of a significant response package to support flood-affected people
Islamabad: Asian Development Bank (ADB) has released funds worth 1.5 billion dollars to Pakistan under BRACE program.
Finance Minister Ishaq Dar, in a tweet on Wednesday, said that the amount has been released for the credit of the Government of Pakistan’s account with State Bank.
Asian Development Bank has released funds $1.5 billion to Pakistan under BRACE program for the credit of Govt of Pakistan’s account with State Bank of Pakistan.
— Ishaq Dar (@MIshaqDar50) October 26, 2022
AlhamdoLilah!
According to ADB statement, the $1.5 billion countercyclical support is part of a significant response package to support people, livelihoods, and infrastructure in Pakistan in the wake of the recent floods which have affected over 33 million people and caused extensive damage to infrastructure and agriculture.
It will also help to expand the number of families receiving cash transfers from 7.9 million to 9 million, increase the number of children enrolled in primary and secondary schools, and enhance geographic coverage of health services and nutritional supplies for pregnant and lactating mothers and children under 2 years old.
-
Pakistan 2 days ago
Bilawal meets Maulana to speed up consultation for consent on amendments
-
Pakistan 2 days ago
CJP questions staff after second clarification issued without original case file
-
Pakistan 2 days ago
Constitutional Amendments: President Zardari to visit Maulana Fazal-ur-Rehman
-
Pakistan 12 hours ago
Mohsin Naqvi calls 26th amendment a ‘victory’
-
Pakistan 16 hours ago
After Senate, NA also approves 26th Constitutional Amendment
-
Pakistan 1 day ago
Govt tables 26th constitutional amendment bill in Senate
-
Regional 14 hours ago
Third son born to Bakhtawar Bhutto Zardari
-
Crime 2 days ago
Blast on FC convoy near CM KP’s farmhouse