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Memorandum of Understanding signed between Ministry of Climate Change and Pakistan Space and Upper Atmosphere Research Commission with UNDP’s support
Islamabad, March 02, 2021 (PPI-OT): A Memorandum of Understanding (MoU) was signed between Ministry of Climate Change (MoCC), Government of Pakistan and Pakistan Space and Upper Atmosphere Research Commission Pakistan (SUPARCO) with support from UNDP, in Islamabad today. Mr. Joudat Ayaz, Additional Secretary (MoCC)/National Project Director (GLOF-II Project) and Brig. Tahir Islam, Director SUPARCO signed the MoU, for the use of satellite imagery, received by SUPARCO from various satellites, in mutually agreed areas of application for climate change impacts in Pakistan. The idea is to get an overall clearer picture of the current glacial lakes and associated threats.
New Asian Development Bank 5-Year Partnership Strategy to Lift Pakistan’s Growth, Resilience, and Competitiveness
Manila, January 27, 2021 (PPI-OT): The Asian Development Bank (ADB) has endorsed a new 5-year country partnership strategy (CPS) to help restore economic stability and growth in Pakistan, enhance people’s well-being, create jobs, and expand economic opportunities as the country works to overcome the coronavirus disease (COVID-19) pandemic.
The pandemic has interrupted the macroeconomic recovery in Pakistan, resulting in a sharp contraction in growth, a rise in public expenditures, and a loosening of monetary policy to mitigate the health and economic impacts.
“As with many countries in the region, COVID-19 has affected Pakistan, revealing the extent to which the population is exposed to economic and social vulnerabilities,” said ADB Director General for Central and West Asia Eugene Zhukov. “The new CPS 2021-2025 will build greater resilience of the population