PM Khan witnesses signing ceremony of financing agreements worth US$ 1,500 million.

Islamabad -- Prime Minister Imran Khan on Friday witnessed the signing ceremony of the financing agreements worth US$ 1,500 million with the three International Financial Institutions (IFIs); the World Bank (WB), the Asian Development Bank (ABB), and the Asian Infrastructure Development Bank (AIIB).

Covid-19 Active Response and Expenditure Support Program (CARES) US$ 500 million: The Asian Development Bank is extending financial support of US$500 million for this program with the objective to support Government of Pakistan's efforts to strengthen the health system and mitigate socioeconomic impacts of the Covid-19 pandemic.

The Asian Infrastructure Investment Bank is extending co-financing of US$500 million for the Covid-19 Active Response and Expenditure Support Program (CARES) to augment the Government's efforts to mitigate the direct and indirect impacts of the Covid-19 pandemic

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