Govt redirects $40m non-utilised WB funds to fight coronavirus
ISLAMABAD: The government on Friday cleared the non-utilised funds of World Bank projects in Pakistan to be used by provinces and the federal government for Covid-19 equipment purchases and responses.
In his tweet, Minister for Economic Affairs Hammad Azhar said that the clearance was made after non-utilised sums had been immediately redirected from World Bank projects.
He informed that out of such funds, federal government would receive US$13.5 million, Sindh $10 million, Punjab would get share of $7.5 million, Khyber Pakhtunkhwa $7 million and Balochistan would get $2 million to purchase necessary equipment and other arrangements to combat with corona virus pandemic.
He added that the federal government had helped arranging the cancellations and re-allocations of the funds and had given the expedited approvals to these funds. "The part of funds that are reallocated from non-utilised projects in the provinces will have to be spent by respective provinces in the same ratio," he added. - APP