ADB lends Pakistan $500 million for vaccine procurement
In the fiscal budget 2021, the Finance Ministry allocated Rs25.3 billion to the National Disaster Management Authority (NDMA) for the purchase of coronavirus vaccines. But the actual spending was a meagre Rs16.6 billion.
The Health Ministry forwarded a summary to the Federal Cabinet for the approval of Rs63.5 billion supplementary budget to procure vaccines for the months of August and September. But the Finance Ministry refused to provide funds citing pressure on exchange rate and wanting transparency in deals. It also advised the Health Ministry to arrange foreign loans for this purpose.
Reporter Waqas Azeem