KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
ISLAMABAD: Pakistan on Thursday launched a $595 million funding appeal, in collaboration with the United Nations and its partner organisations, for meeting the country’s urgent needs in the fight against the Covid-19 pandemic and tackling its socio-economic impact.
Foreign Minister Shah Mahmood Qureshi, while speaking at the virtual launch, said Pakistan was requesting its bilateral and multilateral partners to help it strengthen its healthcare infrastructure and create a fiscal space to deal with the challenge and its implications.
The requirements for which the funding appeal was launched were identified in the multi-sectoral Preparedness and Response Plan to combat Covid-19. The primary objective of the plan is to deal with the immediate and long-term impacts of the Covid-19 crisis on Pakistan’s health sector.
He said Covid-19 was a “common enemy” dealing with which required a “common agenda and common strategy”.
Special Assistant to the Prime Minister on Health Dr Zafar Mirza, on this occasion, said that the forecast for the disease in Pakistan was “quite terrifying” for the coming weeks and months. He said the plan identified the immediate gaps till the end of the current year. He said local transmission of the disease was now in 79 per cent of the cases and it was no more an imported phenomenon.
Director General of the World Health Organisation Dr Tedros Adhanom said threat to Pakistan was real. He said it was time to act and a coordinated and coherent approach was needed to help Pakistan.
The Foreign Office said in a statement that the World Bank had immediately made available a $240m package to help Pakistan take effective and timely action to respond to the Covid-19 pandemic.
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