{"id":64937,"date":"2020-05-02T10:00:16","date_gmt":"2020-05-02T05:00:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64937"},"modified":"2020-04-30T14:46:43","modified_gmt":"2020-04-30T09:46:43","slug":"adb-to-provide-usd-800-mn-to-fight-economic-impact-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-to-provide-usd-800-mn-to-fight-economic-impact-of-covid-19.html","title":{"rendered":"ADB to provide USD 800 mn to fight economic impact of COVID-19"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) has pledged to provide USD 1.7 billion to Pakistan, out of which USD 800 million will be used for COVID-19 relief measures, according to a news report. The remaining USD 900 million will be allocated for policy-based lending in the current and upcoming years.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-adb-approves-additional-usd-2-mn-grant-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19: ADB approves additional USD 2 mn grant for Pakistan<\/a><\/p>\n\n\n\n<p>According to an official statement, Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar attended a virtual meeting with<a href=\"https:\/\/www.zameen.com\/news\/adb-finance-water-agriculture-projects-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\"> ADB<\/a> President Masatsugu Asakawa. Senior officials from both sides were also present.<\/p>\n\n\n\n<p>Bakhtyar thanked the president for extending financial assistance worth USD 2.5 million as a grant and for allocating USD 50 million to acquire equipment for COVID-19 response efforts. Additionally, he requested Asakawa to grant early approval for Counter Cyclical Support worth USD 500 million, and Emergency Assistance Lending (EAL) worth USD 200 million.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-committed-provide-comprehensive-economic-solutions-amid-covid-19-crunch-dawood.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt committed to provide comprehensive economic solutions amid COVID-19 crunch: Dawood<\/a><\/p>\n\n\n\n<p>He further appreciated ADB\u2019s support and expressed his view that developing and low-income countries require the most support during these trying times to avoid dire economic conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) has pledged to provide USD 1.7 billion to Pakistan, out of which USD 800 million will be used for COVID-19 relief measures, according to a news report. The remaining USD 900 million will be allocated for policy-based lending in the current and upcoming years. Read: COVID-19: ADB approves additional USD 2 mn grant for Pakistan According to an official statement, Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar attended a virtual meeting with ADB President Masatsugu Asakawa. Senior officials from both sides were also present. Bakhtyar thanked the president for extending financial assistance worth USD 2.5 million as a grant and for allocating USD 50 million to acquire equipment for COVID-19 response efforts. Additionally, he requested Asakawa to grant early approval for Counter Cyclical Support worth USD 500 million, and Emergency Assistance Lending (EAL) worth USD 200 million. Read: Govt committed to provide comprehensive economic solutions amid COVID-19 crunch: Dawood He further appreciated ADB\u2019s support and expressed his view that developing and low-income countries require the most support during these trying times to avoid dire economic conditions.<\/p>\n","protected":false},"author":58,"featured_media":60777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[6445,27777,23940,27776],"persona":[],"class_list":{"0":"post-64937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-adb","8":"tag-assistance","9":"tag-covid-19","10":"tag-economic-impact"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB to provide USD 800 mn to fight economic impact of COVID-19 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Asian Development Bank (ADB) has pledged to provide USD 1.7 billion to Pakistan, out of which USD 800 million will be used for COVID-19\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/adb-to-provide-usd-800-mn-to-fight-economic-impact-of-covid-19.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB to provide USD 800 mn to fight economic impact of COVID-19 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Asian Development Bank (ADB) has pledged to provide USD 1.7 billion to Pakistan, out of which USD 800 million will be used for COVID-19\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-to-provide-usd-800-mn-to-fight-economic-impact-of-covid-19.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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