ADB agrees to $600 mln loan for Pakistan's Ehsaas program

Economic Affairs Minister Omar Ayub Khan (R) talking to ADB country director Yong Ye (L) in a meeting in Islamabad, Pakistan on Oct. 21, 2021. (Photo Courtesy: Pakistan Economic Affairs Division)
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Updated 22 October 2021
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ADB agrees to $600 mln loan for Pakistan's Ehsaas program

  • Ehsaas is a social safety and poverty alleviation program launched by Pakistan in 2019
  • In May, the World Bank ranked a pandemic cash grant under Ehsaas among the top four global social protection measures

ISLAMABAD: The Asian Development Bank (ADB) has agreed to a $600 million loan to support Pakistan's poverty reduction Ehsaas program, the economic affairs ministry announced on Thursday.

Ehsaas, the Pakistani government's ambitious poverty alleviation plan, aims to help the country’s poorest gain better access to health care, education, and employment.

The $600 million loan announcement was made during ADB country director Yong Ye's meeting with Economic Affairs Minister Omar Ayub Khan on Thursday.

"It will support GoP's (government of Pakistan) efforts to implement high priorities i.e. social protection & poverty reduction, in a coordinated & cohesive manner," the ministry said in a statement.

Ehsaas (Compassion) is a social safety and poverty alleviation program launched by Pakistan in 2019.

When the COVID-19 pandemic hit Pakistan, the government introduced cash grants under the Ehsaas program to support families deprived of livelihoods by coronavirus lockdowns and restrictions on commercial activity.

The Ehsaas Emergency Cash (EEC) initiative provided a one-time grant of Rs12,000 ($77) to nearly 100 million low-income households.

In May, the World Bank ranked the EEC among the top four global social protection measures, based on the percentage of population covered.

 

 


Pakistan lauds Qatar for Gaza peace efforts, facilitating talks with Afghanistan

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Pakistan lauds Qatar for Gaza peace efforts, facilitating talks with Afghanistan

  • PM Shehbaz Sharif greets Sheikh Tamim bin Hamad Al Thani on Qatar’s National Day occasion
  • Qatar hosted peace talks between Pakistan, Afghanistan after fierce border clashes in October

ISLAMABAD: Prime Minister Shehbaz Sharif praised Qatar on Thursday for its role in bringing about a fragile ceasefire in Gaza and facilitating talks between neighbors Pakistan and Afghanistan, a statement from the Prime Minister’s Office (PMO) said. 

Qatar led negotiations between Hamas and Israel aimed at easing the Gaza conflict, working with nations like the US to reach a ceasefire and secure humanitarian pauses and prisoner exchanges. Doha also facilitated de-escalation talks between Pakistan and Afghanistan in October after the neighbors engaged in fierce border clashes. This elevated the Gulf nation to the status of a crisis mediator of the region on the international stage. 

Sharif was speaking to Qatar’s Emir Sheikh Tamim bin Hamad Al Thani on the occasion of the Gulf country’s National Day. The Pakistani premier congratulated the Qatari ruler and wished the country continued peace, progress and prosperity. 

“During the call, the Prime Minister also lauded Qatar’s valuable role in efforts to bring peace in Gaza,” the PMO said. 

“He expressed his deep appreciation for Qatar’s facilitation of talks aimed at easing tensions between Pakistan and Afghanistan.”

Pakistan has sought closer ties with Qatar in recent months. Sharif visited Doha in a show of solidarity after Israel’s airstrikes on the country in September, while Qatar publicly supported Pakistan during a brief military conflict with India in May, which Islamabad has highlighted as evidence of a deepening two-way partnership.

“He reaffirmed Pakistan’s abiding commitment to further strengthening of the longstanding and multifaceted bilateral partnership between the two brotherly countries,” the PMO said. 

Sharif invited the Qatari emir to visit Pakistan “at a mutually convenient date,” the PMO said. 

Al Thani thanked Sharif for the National Day greetings and expressed his “strong commitment” to further strengthen ties between the two nations, Sharif’s office said.