BR100 Decreased By (-0.85%)
BR30 Decreased By (-3.01%)
KSE100 Decreased By (-2.48%)
KSE30 Decreased By (-2.5%)
BECO 5.39 Decreased By ▼ -0.21 (-3.75%)
BML 65.81 Increased By ▲ 4.86 (7.97%)
BOP 35.93 Decreased By ▼ -1.44 (-3.85%)
CNERGY 8.72 Increased By ▲ 0.23 (2.71%)
DCL 11.19 Decreased By ▼ -0.56 (-4.77%)
FCCL 56.18 Decreased By ▼ -1.57 (-2.72%)
FCSC 5.20 Increased By ▲ 0.16 (3.17%)
FFL 17.53 Decreased By ▼ -0.36 (-2.01%)
FNEL 1.27 Increased By ▲ 0.03 (2.42%)
HUMNL 11.02 Decreased By ▼ -0.18 (-1.61%)
KEL 7.86 Decreased By ▼ -0.25 (-3.08%)
KOSM 6.06 Decreased By ▼ -0.31 (-4.87%)
MLCF 102.17 Decreased By ▼ -4.89 (-4.57%)
NBP 211.65 Decreased By ▼ -6.66 (-3.05%)
PACE 12.29 Increased By ▲ 1.12 (10.03%)
PAEL 44.65 Decreased By ▼ -2.37 (-5.04%)
PIAHCLA 29.16 Decreased By ▼ -1.50 (-4.89%)
PIBTL 17.83 Decreased By ▼ -0.79 (-4.24%)
PPL 238.78 Decreased By ▼ -8.04 (-3.26%)
PRL 38.43 Increased By ▲ 1.18 (3.17%)
PTC 70.36 Decreased By ▼ -1.24 (-1.73%)
SEARL 95.06 Decreased By ▼ -4.10 (-4.13%)
SSGC 30.30 Decreased By ▼ -1.64 (-5.13%)
TELE 9.00 Decreased By ▼ -0.18 (-1.96%)
THCCL 70.57 Decreased By ▼ -3.63 (-4.89%)
TPLP 12.65 Decreased By ▼ -0.67 (-5.03%)
TREET 24.86 Decreased By ▼ -1.00 (-3.87%)
TRG 64.50 Decreased By ▼ -3.00 (-4.44%)
WAVES 10.94 Decreased By ▼ -0.57 (-4.95%)
WTL 1.33 Increased By ▲ 0.06 (4.72%)
By

KABUL: The World Bank has approved $200 million in aid to help Afghanistan tackle economic losses from the coronavirus pandemic, as confirmed cases top more than 34,000 in the conflict zone.

The country's war-ravaged economy has been severely impacted due to a months-long lockdown, with thousands of people losing their jobs in the economic fallout.

Afghanistan has also grappled with increased militant violence in recent months that has diverted vital attention and resources away from the fight against the disease.

"The program will provide vital fiscal resources to manage the impacts of the pandemic in the context of rapidly slowing economic growth and declining government revenues," Henry Kerali, the World Bank head for Afghanistan said in a statement on Thursday.

Afghanistan has so far declared just over 34,000 cases of COVID-19, with nearly 1,000 deaths.

"In the cities, the cases are steady but we are worried the cases may spread in rural areas," Abdul Qadir, a senior official at the health ministry told AFP on Friday.

Qadir said the World Bank funds will be used to help mitigate the impact on healthcare, social and business sectors. The virus first spread to Afghanistan as infected migrants returned from neighbouring Iran, the region's worst-hit country.

Comments

Comments are closed for this article.