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By Asif Shahzad
ISLAMABAD -Pakistan said on Wednesday it will commit to spend $1.1 billion on procuring COVID-19 vaccine to inoculate eligible adults.
Pakistan hailed the 10 million doses of vaccines already administered as an important step toward its goal of vaccinating eligible people by year end.
The Economic Coordination Council (ECC) “expressed the government’s commitment to provide $1.1 bln for procurement of COVID-19 vaccine,” the finance ministry said in a statement.
It said the money will be spent to inoculate between 45 million and 65 million eligible adults this year in the country of 220 million.
The ECC approved $70 million on Wednesday to top up $130 million it sanctioned in May.
National
April 15, 2021
ISLAMABAD: The government has refused to bail out the value-added sector (VAS) seeking monetary compensation for the export orders it booked on the presumption that Pak Rupee would further depreciate against the US dollar, top officials of Commerce Ministry told to The News.
The government maintains that commercial decisions always have consequences that are to be borne by commercial entities and it’s not possible for the government to bail them out.
To seek compensation, some VAS representatives recently met Prime Minister’s Adviser on Commerce Textile and Investment Abdul Razak Dawood and top ministry officials. The VAS representatives sought the compensation, contending they did not book the rupees in advance as they usually do, presuming the rupee depreciation would continue. However, the unprecedented depreciation of the US dollar and appreciation of Pak Rupee from 165 to 152 has inflicted loss to the VAS exporters.
Mon, 04, 21
The fuss over who would lead the economic team and whether Pakistan should resume trade ties with India has exposed the poor thought process and decision-making under the present government.
The fuss over who would lead the economic team and whether Pakistan should resume trade ties with India has exposed the poor thought process and decision-making under the present government.
One wonders if this trend continued in the remaining period of this government’s tenure where it would be able to tackle the enormous challenges faced by the country’s economy or not.
The government abruptly sacked Abdul Hafeez Shaikh as finance minister just weeks after Prime Minister Imran Khan vigorously campaigned for his election as a senator to secure the finance ministry’s top slot for him.
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