Pakistan to contact WB for COVID Vaccine funding

Lahore, 6th December: Pakistan has decided to contact World Bank (WB) for the funding of COVID-19 Vaccine.

Baaghi TV: A private news channel, citing sources, reported on Saturday that Pakistan has decided to contact the World Bank for COVID-19 vaccine funding.

According to reports gathered from The News, Pakistan will seek $153mn from the WB for advance purchases of the COVID-19 vaccines. The request will be formally made by the Economic Coordination Division, said the sources.

The Health ministry has penned a letter to the Economic Coordination Division in this context to seek funds from the WB for advance purchases of the coronavirus vaccines.

The funds will be requested under Credit Funding Act 6590. The letter further said that initial talks have been done with the World Bank for the funds via video link.

After the approval of the grant from the WB, Pakistan will purchase the COVID-19 vaccines in advance for its citizens, said the sources.

Pakistan is also in direct contact with the COVID-19 vaccine producer firms and also using GAVI platform for the anti-covid vaccines.

In the first phase of vaccinating against the deadly virus, Pakistan has planned to vaccinate health workers and senior citizens.

Stay tuned to Baaghi TV for further details in this developing story!