Economic Coordination Committee (ECC) will meet today to approve the grant of $1 billion for the import of more COVID-19 vaccines during the next fiscal
Pakistan allocates $1bn to purchase CanSinoBio, Sinopharm, Phizer vaccines, say sources
Pakistan
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Pakistan has allocated $1bn to procure coronavirus vaccines to vaccinate 70mn people by the year s end, said sources according to Geo News.
Finance Minister Shaukat Tarin gave the go-ahead when he approved $1bn funds during a meeting of the cabinet s Economic Coordination Committee (ECC) Wednesday, said sources.
The ECC greenlighted to release $180mn in the first phase of the procurement, confirmed sources, adding that the funds will be issued to the National Disaster Management Authority (NDMA).
The vaccines that the government intends to buy with these funds are CanSinoBio, Sinovac, Sinopharm and Pfizer to vaccinate Pakistani masses.
Govt is Allocating Rs. 2.1 Trillion for Development Programs in Budget 2021-22: Asad Umar
The Federal Minister for Planning and Development Asad Umar, announced that the National Economic Council (NEC) has approved the allocation of Rs. 2.10 trillion for the country’s development program.
This included Rs. 87 billion for the China-Pakistan Economic Corridor (CPEC) for 2021-22 against Rs. 1,527 billion for 2020-21, with an increase of 36.4 percent.
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Flanked by the Chairman of the CPEC Authority, Asim Saleem Bajwa, during his briefing regarding the allocations for the Public Sector Development Program (PSDP), Minister Umar said that the allocation for the federal development budget is Rs. 900 billion for 2021-22 against Rs. 650 billion for 2020-21, while the provincial development budget is Rs. 1,202 billion for 2021-22 against Rs. 867 billion for 2020-21.