Asian Development Bank releases $1.5 billion for Pakistan — finance minister

Staff members of the Asian Development Bank step out of the Manila-based lender's headquarters on February 17, 2009. (AFP/File)
Short Url
Updated 26 October 2022
Follow

Asian Development Bank releases $1.5 billion for Pakistan — finance minister

  • Funds to help provide social protection, enhance food security in Pakistan
  • Pakistan estimates losses suffered from floods since mid-June at $30 billion

ISLAMABAD: The Asian Development Bank (ADB) released funds to the tune of $1.5 billion for Pakistan, Finance Minister Ishaq Dar confirmed on Wednesday, as the South Asian country looks for financial help to recover from cataclysmic floods that have inflicted heavy losses on it since mid-June.

The ADB said last week it had approved $1.5 billion for Pakistan to help provide social protection, promote food security and support employment in the country. Devastating floods and global supply chain disruptions following Russia’s invasion of Ukraine have damaged Pakistan’s already fragile economy.

The South Asian country estimates losses from raging floods, which have killed over 1,700 since June 14, at $30 billion.

“Asian Development Bank has released funds $1.5 billion to Pakistan under BRACE program for the credit of Govt of Pakistan’s account with State Bank of Pakistan,” Dar wrote on Twitter.

ADB’s Building Resilience with Active Countercyclical Expenditures (BRACE) program will help fund Pakistan’s $2.3 billion countercyclical development expenditure program designed to cushion the impacts of external shocks, including the Russian invasion of Ukraine, the bank said on its website.

Tariq Niazi, an ADB director, had said the program would help Pakistan deal with the impact of immediate shocks to the economy, while, in parallel, continue the structural reforms that are necessary to improve the country’s medium- to long-term macroeconomic prospects.


Pakistan court orders full eye exam for jailed ex-PM Imran Khan, PTI party says 

Updated 5 sec ago
Follow

Pakistan court orders full eye exam for jailed ex-PM Imran Khan, PTI party says 

  • Party says directive supports concerns over medical access in custody
  • Lawyer earlier told reporters Khan’s health “is fine” after prison visit

ISLAMABAD: Pakistan’s opposition Pakistan Tehreek-e-Insaf (PTI) party said on Thursday the Supreme Court had ordered a full eye examination of jailed ex-premier Imran Khan to be completed before Feb. 16, escalating a dispute between the government and Khan’s family over his medical care in prison.

Concerns about Khan’s health have resurfaced in recent weeks after authorities confirmed he had been briefly taken from prison to a hospital in Islamabad for an eye procedure. The government said at the time his condition was stable, while PTI leaders and Khan’s family complained they had not been informed in advance and alleged he was being denied timely and independent medical access.

The issue was taken up by the Supreme Court earlier this week, which appointed senior lawyer Salman Safdar as a “friend of the court” to visit Khan at Rawalpindi’s Adiala prison and submit a written report on his living conditions.

In its statement on Thursday, PTI said the court had now directed that Khan undergo a comprehensive medical review of his eye condition.

“The Supreme Court’s order for a complete eye check-up of Imran Khan vindicates the party’s longstanding concerns about his deteriorating health and denial of timely, independent medical care in custody,” the party said, adding that he should be given “immediate” access to his personal physician.

Safdar, who met Khan in prison on Tuesday, had earlier sought to calm speculation about his condition.

“It is fine,” Safdar told reporters outside the prison when asked about Khan’s health, declining to provide further details. “I will speak about the rest in the report.”

According to a copy of an earlier court order seen by Arab News, the Supreme Court had tasked Safdar with submitting a written report regarding the “living conditions of the petitioner in jail,” noting that a previous report related to Khan’s detention at Attock jail in 2023 did not reflect his current circumstances.

In its latest statement, PTI framed the court’s directive as part of a broader legal principle.

“This is bigger than one medical test. It is about whether the rule of law applies to political opponents, or only to protect those in power,” the party said, demanding “immediate and transparent implementation of the Court’s order” and “unrestricted access to qualified specialists of his choice.”

Khan has been in jail since August 2023 in connection with multiple cases that he and his party say are politically motivated, an allegation the government denies. He was removed from the PM’s office in April 2022 through a parliamentary vote of no confidence.

There was no immediate response from the government on Thursday to PTI’s latest statement.