BAFL 44.70 Increased By ▲ 1.94 (4.54%)
BIPL 20.95 Decreased By ▼ -0.03 (-0.14%)
BOP 5.05 Increased By ▲ 0.01 (0.2%)
CNERGY 4.41 Increased By ▲ 0.05 (1.15%)
DFML 15.84 Increased By ▲ 0.04 (0.25%)
DGKC 70.23 Increased By ▲ 1.59 (2.32%)
FABL 27.75 Decreased By ▼ -0.05 (-0.18%)
FCCL 17.23 Decreased By ▼ -0.07 (-0.4%)
FFL 8.71 Decreased By ▼ -0.09 (-1.02%)
GGL 13.13 Increased By ▲ 0.16 (1.23%)
HBL 113.25 Increased By ▲ 4.22 (3.87%)
HUBC 122.40 Increased By ▲ 5.16 (4.4%)
HUMNL 7.93 Increased By ▲ 0.08 (1.02%)
KEL 3.37 Increased By ▲ 0.05 (1.51%)
LOTCHEM 28.05 Decreased By ▼ -0.10 (-0.36%)
MLCF 39.10 Decreased By ▼ -0.10 (-0.26%)
OGDC 107.69 Decreased By ▼ -0.46 (-0.43%)
PAEL 18.25 No Change ▼ 0.00 (0%)
PIBTL 5.75 Decreased By ▼ -0.05 (-0.86%)
PIOC 109.50 Increased By ▲ 0.60 (0.55%)
PPL 92.00 Increased By ▲ 0.50 (0.55%)
PRL 25.13 Increased By ▲ 0.13 (0.52%)
SILK 1.06 Increased By ▲ 0.02 (1.92%)
SNGP 63.70 Increased By ▲ 2.00 (3.24%)
SSGC 12.29 Increased By ▲ 0.10 (0.82%)
TELE 8.88 Increased By ▲ 0.10 (1.14%)
TPLP 13.85 Decreased By ▼ -0.05 (-0.36%)
TRG 85.20 Increased By ▲ 0.79 (0.94%)
UNITY 26.16 Increased By ▲ 0.91 (3.6%)
WTL 1.58 Increased By ▲ 0.06 (3.95%)
BR100 6,221 Increased By 112.1 (1.83%)
BR30 21,703 Increased By 440.7 (2.07%)
KSE100 60,631 Increased By 819.4 (1.37%)
KSE30 20,197 Increased By 336.6 (1.69%)

The federal government's newly launched Ehsaas Emergency Cash Transfers initiative aims to provide financial assistance mainly to labourers and other deserving population who have lost their livelihood due to the rapid spread of coronavirus across the country.

The federal government is mainly relying on Prime Minister's Relief Fund, which calls for donations from the donors to contribute, to provide relief to deserving population adversely affected by the coronavirus spread, under this initiative, Business Recorder has learnt.

Moreover, Rs56 billion already allocated for the labourers would also be spent on Ehsaas Emergency Transfers, it is further learnt.

"Funding constraints to help out those in need make a real challenge for the federal government but the response of privileged donors to PM's call for donations has been encouraging and donors are making commitments and contributions in the different telethons led by the PM himself. It is hoped that funding would not be a problem for Ehsaas Emergency Cash Transfers venture," an official privy to the matter said.

Earlier this month, the federal cabinet earmarked Rs 200 billion to financially support the downtrodden segments of society. Out of these funds, Rs 144 billion are being spent to provide Rs 12,000 each to 12 million families. The remaining Rs 56 billion have been allocated as a standby arrangement in case the number of those who are to be provided with the cash assistance exceeds the total estimated number, official sources told Business Recorder

The number of people to be provided assistance under this programme would be determined using NADRA's data analytics keeping in view the funds available, the source added.

Under the Ehsaas Emergency Cash Transfers initiative, those who will qualify for assistance after verification from NADRA (National Database and Registration Authority) will get emergency cash of Rs 12,000. For each rupee donated by the donors, four rupees will be committed by the federal government.

According to the federal government, the PM has made the Poverty Alleviation and Social Safety Division the administrator of the fund, and, in order to ensure robust governance and oversight of the fund, a policy council is being set up.

"I have made the decision that my Covid-19 fund will be used to give emergency cash to labourers and others who have lost their livelihoods as a result of the Covid-19 crisis. I am opening a web-portal today so that we can begin receiving applications - I encourage all of you to donate," Prime Minister Imran Khan said earlier on Saturday at the launch of Ehsaas Emergency Cash Transfers.

Copyright Business Recorder, 2020

Comments

Comments are closed.