The Islamic Development Bank will provide financing worth 72.5 million dollars to Pakistan for the procurement of COVID-19 vaccine to contain spread of the pandemic.

An agreement, to this effect, was signed between IDB and the government of Pakistan in Islamabad today (Monday).

Minister for Economic Affairs Omar Ayub Khan and President IDB Dr. Muhammad Al-Jasser also witnessed the signing ceremony.

On the occasion, IDB President said the bank has also approved 180 million dollars for Mohmand Dam Hydropower Project. He assured to further strengthen IDB's partnership with Pakistan.

The Minister thanked the President for continued support to Pakistan and applauded Bank's role to support the member countries in COVID-19 response, recovery and procurement of vaccine and saving lives and livelihood amid pandemic.