Adviser to the Prime Minister on Finance and Income Dr Abdul Hafeez Shaikh on Wednesday stated in view of the evolving state of affairs because of the unfold of coronavirus (COVID-19), the federal government had initiated negotiations with the Worldwide Financial Fund (IMF) for a further grant of $1.four billion on fast-track foundation.

The federal government’s monetary crew had made a complete funds mobilization technique for buying $ 1 billion from the World Financial institution (WB) and $ 3.5 million from the Asian Improvement Financial institution, in addition to early launch of $ 900 million earmarked by the latter for various initiatives, he stated whereas addressing a press convention.

He was flanked by Adviser to the Prime Minister on Commerce, Textile and Trade Abdul Razak Dawood, Federal Minister for Financial Affairs Muhammad Hammad Azhar, Particular Assistant to the PM on Info and Broadcasting Dr Firdous Ashiq Awan and Particular Assistant to the Prime Minister on Petroleum Nadeem Babar.

The adviser stated the $1.four billion grant can be in keeping with the earlier programme Pakistan had with the fund, which might be disbursed on the earliest.

Minister Hammad Azhar stated the federal government was totally targeted and dedicated to facilitate the folks within the important state of affairs.

The supply of medical services and meals to the folks was the topmost precedence of the federal government and for that the federal government would pursue the WB and the ADB to launch their help amounting to $600 million on totally different counts on quick monitor foundation, he added.

Nevertheless, all of the worldwide monetary establishments can be engaged for financial help when the coronavirus had been overcome, he stated.

Hammad stated,“We are also in coordination with Japan Intentional Cooperation Agency (JICA) to get assistance for providing facilities to the people in current situation.”

He stated the federal government would offer services to the enterprise neighborhood for persevering with enterprise actions sin the nation.

Adviser on Commerce Abdul Razak Dawood stated it was the federal government’s precedence authorities to avoid wasting the home companies, together with Small and Medium Enterprises (SMEs), retailers and labour.

SAPM Dr Firdous Ashiq Awan stated the media had been enjoying an vital function within the present disaster and the federal government would take all needed security measures to guard the lives of journalists.