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ADB approves $100m to improve secondary healthcare in KP

Published

2 years ago

Farwa

Programme aims to improve health services at secondary hospitals in KP, among other objectives.
ADB official says Pakistan faces unprecedented flooding, risk of waterborne diseases.
KP suffers from high infant and maternal mortality rates at 53 per 1,000 live births.

The Asian Development Bank (ADB) has approved a $100 million results-based loan to help strengthen the quality of secondary healthcare in Khyber Pakhtunkhwa.

The programme will help improve the delivery of health services at secondary hospitals by modernising infrastructure and equipment, ensuring clinical protocols, standards, and guidelines are implemented and improving human resources planning and medicine supply chain management, said an ADB press statement received on Thursday.

“While the coronavirus placed an enormous strain on essential health services in Khyber Pakhtunkhwa and across the country, Pakistan now faces unprecedented flooding exacerbating the risk of waterborne diseases,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.

“This programme will make a key contribution to improving the quality of secondary hospital services in Khyber Pakhtunkhwa and while it was conceived before the monsoon, it will also help people physically injured by the floods and support efforts to control the spread of infectious diseases,” Zhukov added.

According to the statement, Khyber Pakhtunkhwa’s health sector faces significant challenges, including outdated secondary healthcare facilities and equipment and inadequate quality assurance standards and processes.

The province suffers from high infant and maternal mortality rates, at 53 per 1,000 live births and 165 per 100,000, respectively.

“ADB’s assistance will help sustain health reforms started by the provincial government and strengthen the resilience of the health systems to future pandemics,” said ADB Senior Health Specialist for Central and West Asia Hiddo Huitzing.

“It will benefit an estimated 38 million people, including women in need of maternal healthcare services, and will also create jobs in the health sector,” Huitzing added.

Since 1966, ADB has committed over $37 billion in loans, grants, and other forms of financing to promote inclusive economic growth in Pakistan and improve the country’s infrastructure, energy and food security, transport networks, and social services.

In response to the floods, ADB is preparing a significant response package to support people, livelihoods, and infrastructure immediately and in the long-term.

The bank has already approved a $3 million grant to fund the immediate purchase of relief goods such as food supplies and tents. ADB is also processing a separate counter-cyclical package to help Pakistan weather the impacts of external shocks.

Business

Pakistan’s gold prices continue to decline.

Published

2 days ago

Farwa

The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.

Business

Price of LPG “slashed” by Rs. 20 per kilogram

Published

2 days ago

Farwa

Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

Business

ADB delegation stops by FBR headquarters

Published

2 days ago

Farwa

Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.