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ADB approves $100 million to uplift KPK’s health sector

06:45 PM | 22 Sep, 2022
ADB approves $100 million to uplift KPK’s health sector
Source: ADB (website)

MANILA — The Asian Development Bank (ADB) on Thursday approved a $100 million results-based loan to help strengthen the quality of secondary health care in northwestern Pakistani province of Khyber Pakhtunkhwa.

The program will help improve the delivery of health services at secondary hospitals by modernizing infrastructure and equipment; ensuring clinical protocols, standards, and guidelines are implemented; and improving human resources planning and medicine supply chain management, the regional bank said in a press release.

“While the coronavirus placed an enormous strain on essential health services in Khyber Pakhtunkhwa and across the country, Pakistan now faces unprecedented flooding exacerbating the risk of waterborne diseases,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.

“This program will make a key contribution to improving the quality of secondary hospital services in Khyber Pakhtunkhwa. And while it was conceived before the monsoon, it will also help people physically injured by the floods and support efforts to control the spread of infectious diseases.”

ADB highlighted that health sector in the prince faces significant challenges including outdated secondary health care facilities and equipment, and inadequate quality assurance standards and processes. The province suffers from high infant and maternal mortality rates, at 53 per 1,000 live births and 165 per 100,000, respectively.

ADB Senior Health Specialist for Central and West Asia Hiddo Huitzing said that the loan will benefit around 38 million people by uplifting the health sector.

In response to the floods, ADB is preparing a significant response package to support people, livelihoods, and infrastructure immediately and in the long-term. The bank has already approved a $3 million grant to fund the immediate purchase of relief goods such as food supplies and tents. ADB is also processing a separate countercyclical package to help Pakistan weather the impacts of external shocks.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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