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UK govt announces assistance for Pakistan in fight against coronavirus

UK govt announces assistance for Pakistan in fight against coronavirus
April 18, 2020
ISLAMABAD (92 News) – The British government has announced assistance for Pakistan in the fight against coronavirus. In a video message on Saturday, British High Commissioner Christian Turner said that they are standing with Pakistan in this difficult time. “We trust the resolve and courage of the British high commissioner of Pakistan that will definitely defeat the coronavirus epidemic,” he said. The British high commissioner said that the COVID-19 diagnosis will help Pakistan protect the population. In the first phase, the UK government will give Pakistan 2.67 million pounds which will be incurred on the critical patients, diagnostic system and to improve testing in 27 districts of the country. Moreover, Britain will give one million pounds for assistance in the areas hit by the locust attack. On April 17, the International Monetary Fund (IMF) had approved 1.386 billion dollars disbursement to Pakistan under the Rapid Financing Instrument to address the economic impact of coronavirus pandemic. In a statement, the IMF said with the near-term outlook deteriorating sharply, Pakistan swiftly put in place measures to contain the impact of the shock and support economic activity. It said crucially, health spending has increased and social support strengthened. The IMF support will help provide a backstop against the decline in international reserves and provide financing to the budget for targeted and temporary spending increases aimed at containing the pandemic and mitigating its economic impact. Following the executive board discussion, first deputy Managing Director and Acting Chair Geoffrey Okamoto said the outbreak of Covid-19 is having a significant impact on the Pakistani economy. This has created an urgent balance of payments need. He said in response to the crisis, Pakistan has taken swift action to halt the community spread of the virus and introduced an economic stimulus package aimed at accommodating the spending needed to tackle the health emergency and supporting economic activity.
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