{"id":65755,"date":"2020-05-23T10:00:15","date_gmt":"2020-05-23T05:00:15","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65755"},"modified":"2020-05-20T17:17:24","modified_gmt":"2020-05-20T12:17:24","slug":"adb-approves-usd-300mn-emergency-assistance-loan-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-approves-usd-300mn-emergency-assistance-loan-pakistan.html","title":{"rendered":"ADB approves USD 300mn emergency assistance loan for Pakistan"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) on Tuesday approved a loan of USD 300 million in emergency assistance for Pakistan in its attempt to deal with the socioeconomic impact of the ongoing COVID-19 pandemic, a news source reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/lda-initiates-stern-action-illegal-constructions-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA initiates stern action against illegal constructions in Lahore<\/a><\/p>\n\n\n\n<p>As per the publication, ADB Vice President (VP) Shixin Chen said that the COVID-19 pandemic was negatively impacting the economic and health sectors of Pakistan. He highlighted that the financing project would provide immediate assistance to the vulnerable segments of the society including the under privileged families and in turn strengthen the public health facilities of Pakistan. The funding, he said, would also facilitate the pandemic\u2019s knowledge sharing among the Central Asia Regional Economic Cooperation Program\u2019s (CAREC) region and Pakistan.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/faisalabads-satiana-road-linked-karachi-lahore-motorway-project-approved.html\" target=\"_blank\" rel=\"noreferrer noopener\">Faisalabad\u2019s Satiana Road to be linked with Karachi-Lahore Motorway; project approved<\/a><\/p>\n\n\n\n<p>Reportedly, the funds will be utilised to purchase personal protective equipment (PPE) and medical supplies for healthcare facilities and the frontline medics. Additionally, the funds will also be used to improve and further upgrade health facilities, boost COVID-19 awareness in the peripheral areas, purchase emergency vehicles, and train additional medics. The ADB\u2019s funding will also provide direct cash relief to the vulnerable women through the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-govt-to-reserve-pkr-200bn-for-ehsaas-programme.html\" target=\"_blank\">Ehsaas Emergency Cash Assistance Package<\/a>.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lahore-to-have-12-miyawaki-inspired-urban-forests.html\" target=\"_blank\" rel=\"noreferrer noopener\">Lahore to have 12 Miyawaki-inspired urban forests<\/a><\/p>\n\n\n\n<p>Furthermore, the Government of Norway has also donated USD 5.28 million to assist Pakistan\u2019s anti-COVID-19 response with the funds being managed by the ADB.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) on Tuesday approved a loan of USD 300 million in emergency assistance for Pakistan in its attempt to deal with the socioeconomic impact of the ongoing COVID-19 pandemic, a news source reported. Read: LDA initiates stern action against illegal constructions in Lahore As per the publication, ADB Vice President (VP) Shixin Chen said that the COVID-19 pandemic was negatively impacting the economic and health sectors of Pakistan. He highlighted that the financing project would provide immediate assistance to the vulnerable segments of the society including the under privileged families and in turn strengthen the public health facilities of Pakistan. The funding, he said, would also facilitate the pandemic\u2019s knowledge sharing among the Central Asia Regional Economic Cooperation Program\u2019s (CAREC) region and Pakistan. Read: Faisalabad\u2019s Satiana Road to be linked with Karachi-Lahore Motorway; project approved Reportedly, the funds will be utilised to purchase personal protective equipment (PPE) and medical supplies for healthcare facilities and the frontline medics. Additionally, the funds will also be used to improve and further upgrade health facilities, boost COVID-19 awareness in the peripheral areas, purchase emergency vehicles, and train additional medics. The ADB\u2019s funding will also provide direct cash relief to&hellip;<\/p>\n","protected":false},"author":76,"featured_media":60777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[24453,29787,29789,29788],"persona":[],"class_list":{"0":"post-65755","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-asian-development-bank-adb","8":"tag-emergency-assistance-loan","9":"tag-loan-of-usd-300-million-in-emergency-assistance","10":"tag-ongoing-covid-19-pandemic"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB approves USD 300mn emergency assistance loan - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Asian Development Bank (ADB) on Tuesday approved a loan of USD 300 million in emergency assistance for Pakistan in its attempt to deal\" \/>\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-approves-usd-300mn-emergency-assistance-loan-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB approves USD 300mn emergency assistance loan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Asian Development Bank (ADB) on Tuesday approved a loan of USD 300 million in emergency assistance for Pakistan in its attempt to deal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-approves-usd-300mn-emergency-assistance-loan-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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