8 °C Prince George's County, US
January 23, 2019

WFP to Spend $423 Million to Support Economic, Social Development in Pakistan

The World Food Programme will spend $422.78 million for supporting economic and social development projects in Pakistan and meeting emergency food needs arising from natural disasters and emergency conditions.

A Memorandum of Understanding was signed to this effect in Islamabad between the government of Pakistan and the WFP.

WFP had spent $676 million during 2013-15 on social and economic development in Pakistan, out of which Pakistan contributed 455,000 tons of wheat valued at $172 million for distribution among Temporarily Displaced Persons (TDPs) affected by the military operations in the tribal region and floods.

The MoU signed on Dec. 30 will cover projects for the next three years, starting January 1, 2016, according to an official announcement.

“WFP Pakistan’s project (2016-2018) “Transition: Towards Resilient and Food Secure Pakistan” is aligned with national and international frameworks which support advances in the state of food security and nutrition in Pakistan,” the WFP country director said.

“This project will enable WFP to maintain assistance to returning and dislocated populations, address needs to improve food and nutrition security while simultaneously working alongside the government in the framework of disaster risk reduction, capacity enhancement and technical assistance.”

Related articles

Pakistan Plans to Sell FESCO Power Company In March, 2016

Pakistan’s Privatization Commission plans to sell the first of its nine power companies, Faisalabad Electric Co. Ltd (FESCO) , with management control to the private sector by March next year, government officials said. Led by the Chairman Privatization Commission, Mohammad Zubair, a team of the commission gave a detailed presentation on Pakistan’s plan to privatize […]

Pakistan Unveils New Textile Policy, Extends Duty Exemption on Import of Machinery

ISLAMABAD – Pakistan has announced the much-awaited Textile Policy 2014-19 which seeks to double the textile exports to $25 billion, increase share of value addition and improve product mix, especially in garment sector, from 28 percent to 45 percent. The duty exemption on the import of textile plant and machinery has been extended for another […]