The Government of Pakistan has signed a 2 million grant agreement with the Asian Development Bank

ISLAMABAD: The government of Pakistan has signed a 2 million grant agreement with the Asian Development Bank (ADB) to tackle the global corona virus.

Secretary of Economic Affairs and ADB officials have signed the agreement. The ADB grant will be provided under the Corona Emergency Response Program.

The grant will be used to train health workers and establish a biosafety lab. Following the agreement, the Secretary for Economic Affairs said he was grateful for the grant from the Asian Development Bank.

The ADB Country Director said that the steps taken by the Government of Pakistan to combat Corona were commendable.

It may be recalled that a few months ago, the Asian Development Bank in its report had expressed concern that 2.3 million youth in Pakistan could be unemployed from Corona.

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According to the ADB report, the Corona virus has increased unemployment in Pakistan, leaving 1.5 million people unemployed in three months.

The report said that countries in the Asia-Pacific region were badly affected by the corona virus, leaving about 15 million people unemployed in the region.

At its port, the ADB feared the Corona virus would cost the global economy تین 5,800 billion in three months.

According to the report, the losses from Corona could reach ہزار 8,800 billion in six months. The global economic growth rate is expected to be affected by 9.7%.

Asia accounts for 30% of the impact of the global economy and world production could be affected by 17 1,700 to 00 2,500 billion.

According to the Asian Development Bank, 150 to 240 million people could be unemployed globally, while 100 to 160 million people in Asia could lose their jobs. In six months, more than 50 million people will fall below the poverty line.