Prime Minister Imran Khan on Friday witnessed the signing ceremony of $1.5 billion loan agreements with three international financial institutions for combating the Covid-19 crisis.

According to the Prime Minister Office, the agreements were signed with the World Bank (WB), Asian Development Bank (ABB) and Asian Infrastructure Development Bank (AIIB).

An agreement is related to Covid-19 Active Response and Expenditure Support Programme (CARES) amounting to $500 million.

Another agreement relates to the Securing Human Investments to Foster Transformation worth $500m. It aims to strengthen the civil registration and vital statistics, health and education systems essential for human capital accumulation, recognise and support the contribution of women to economic productivity and improve efficiency of the national safety nets.

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