Published 08:52 IST, April 25th 2020
Imran Khan's desperate S.O.S lands Pakistan Covid dole; ADB adds $1.7 billion to IMF's 1.3
The Asian Development Bank (ADB) will be giving USD 1.7 billion dollars to Pakistan to help them contain the Coronavirus crisis and its impact on the economy.
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Asian Development Bank (B) will be giving USD 1.7 billion dollars to Pakistan to help m contain Coronavirus crisis and its impact on ecomy. According to reports, anuncement was me during a virtual meeting between B president Masatsugu Asakawa and Pakistan's Minister for Ecomic Affairs Khusro Bakhtiar.
Reportedly, B will be providing USD 800 million by June, while USD 900 million will be provided by end of year. Earlier this month, International Monetary Fund (IMF) h approved USD 1.3 billion in emergency financing to Pakistan. Meanwhile, a relief pack worth PKR 1.2 trillion (about INR 56,000 crore) was anunced by Pakistan authorities on March 24 to deal with crisis.
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doles by global institutions has come after significant appealing by Pakistan Prime Minister Imran Khan, who has been at it continuously, seeking aid and debt waivers rar than taking measures to protect his citizens from Covid, as per his opponents.
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COVID-19 in Pakistan
So far, Pakistan has reported 11,940 Coronavirus cases, out of which 253 people have succumbed to infection till w. Meanwhile, 2,755 people have reportedly recovered. As number of cases spiked, country extended partial lockdown on Friday by ar two weeks till May 9.
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Meanwhile, first detected in China's Wuhan, at present, re are around 2,830, 051 confirmed cases of COVID-19 infection across globe and disease has led to death of around 197,245 people. In a ray of hope, around 798,772 people are also reported to have recovered.
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(With ANI Inputs)
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08:53 IST, April 25th 2020