Pakistan pledged $3 million towards Saarc Covid-19 Emergency Fund

Image

ISLAMABAD: Pakistan on Thursday pledged $3 million towards the South Asian Association for Regional Cooperation’s (Saarc) Covid-19 Emergency Fund — the brainchild of Indian Prime Minister Narendra Modi.

“The Government of Pakistan has pledged US$ 3 million towards the SAARC Covid-19 Emergency Fund to support regional efforts in the fight against Coronavirus,” the Foreign Office said in a statement after a telephonic conversation between Foreign Secretary Sohail Mahmood and Saarc Secretary General, Esala Ruwan Weerakoon.

PM Modi had proposed the fund at the Saarc leader’s virtual summit on March 15. India pledged $10m for the fund, which was meant to assist the countries in the region to deal with the pandemic. Other pledges include $5m by Sri Lanka, Bangladesh $1.5m, Nepal and Afghanistan $1m each, Maldives $0.2m and Bhutan $0.1m.

Pakistan was the last member state to contribute to the fund, which now has pledges worth $21.8m.

Pakistan announced the pledge a day after it stayed away from another regional initiative proposed by PM Modi under Saarc umbrella — the meeting of the trade officials of the member countries to discuss the impact of the pandemic on intra-regional trade.

You May Also Like

Image

Govt to provide Rs 30 bln subsidy for Naya Pakistan Housing Program: PM

ISLAMABAD: The government has decided to provide 30 billion rupees

Image

Punjab CM approves Ravi River Front Urban Development project

LAHORE : Chief Minister of Punjab (CM) Sardar Usman Buzdar on Friday

Image

CM directs food department to keep price of wheat stable in Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed