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  • Earth Day 2020: ‘Connecting with nature essential for survival’

  • Genetic disorder deprives Basti Sohalan of sight, opportunities

  • As pandemic escalates in Karachi, villagers maintain distance from city dwellers

  • Islamic Development Bank prepares $2.3b package for member countries

  • North Korean media silent on Kim’s whereabouts as speculation on health rages

Pakistan News
Home›Pakistan News›Islamic Development Bank prepares $2.3b package for member countries

Islamic Development Bank prepares $2.3b package for member countries

By Hina Aslam
April 23, 2020
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Islamic Development Bank prepares $2.3b package for member countries

ISLAMABAD: 

The Islamic Growth Financial institution (IsDB) Group board has accredited $2.three billion ‘Strategic Preparedness and Response Bundle’ for the IsDB member nations to mitigate and recuperate from the impression of the Covid-19 pandemic within the quick, medium, and long-term, introduced IsDB President Dr Bandar M H Hajjar. He added that this shall be achieved by means of a holistic method aimed to accommodate priorities past the speedy and emergency response.

Throughout a video name with Minister for Financial Affairs Makhdoom Khusro Bakhtiar, the president assured the financial institution’s full help for the individuals and the federal government of Pakistan to mitigate the destructive impacts of Covid-19.

He knowledgeable that Worldwide Islamic Commerce Finance Company (ITFC) has been directed to right away finalise $500 million for import of oil and LNG, and an quantity of $150 million has been allotted to alleviate the pandemic impression.

The minister appreciated the IsDB Group for giving particular precedence to Pakistan. He additionally underlined the necessity of the member nations and applauded the financial institution’s response to minimize the Covid-19 pandemic impacts. The technical groups from either side have already outlined the preliminary evaluation for Covid-19 associated financing.

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Earth Day 2020: ‘Connecting with nature essential for survival’

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