Rs4,924.953m grant for disaster risk reduction activities okayed

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Staff Reporter

The Board of Directors of National Disaster Risk Management Fund approved ten projects for Disaster Risk Reduction worth Rs 4.9 billion, extending grant financing up to Rs 3.6 Billion.
NDRMF’s Board of Directors Meeting held on 20th September 2019, was chaired by Secretary of Finance Division Mr. Naveed Kamran Baloch and attended by Additional Secretary Economic Affairs Division (EAD), Mr. Zulfiqar Haider Khan, Secretary Ministry of Climate Change, Mr. Hassan Nasir Jamy, Country Director Asian Development Bank (ADB), Ms. Xiaohong Yang, Chief Executive Officer (NDRMF), Lt. General Nadeem Ahmed (Retd) and Company Secretary (NDRMF), Muhammad Mehran Afzal.
These projects will be implemented by the Punjab / Sindh /Gilgit-Baltistan Irrigation Departments, Provincial Disaster Manager Authority (PDMA) Sindh, Communication and Works Department AJ&K, Rescue 1122 Gilgit-Baltistan, Pakistan Meteorological Department, Pakistan Poverty Alleviation Fund and Muslim Aid Pakistan.
The projects includes activities related to Flood Protection Works, Tsunami & Earthquake Early Warning System, Landslide Control Management, Emergency Response Services, Weather Radar System, Drought Mitigation and Community Based Disaster Risk Management.
The total cost of the approved projects is PKR 4,924.953 Million out of which NDRMF shall finance PKR 3,606.424 Million (73.23%) through a grant whereas the remaining 26.77% contribution, amounting to PKR 1,318.529 Million, shall be made available by the respective Government and Non-Government Entities. The projects are anticipated to protect vulnerable communities while enhancing Pakistan’s resilience to natural and climatic hazards.
NDRMF’s Board of Directors has also previously approved funding for projects to be implemented by the National Disaster Management Authority (NDMA), Punjab Irrigation Department (PID), Pakistan Red Crescent Society (PRCS), Islamic Relief Pakistan (IRP) and a joint venture of Aga Khan Foundation (AKF) & Aga Khan Planning & Building Services. These projects also focused on disaster risk reduction and preparedness.
NDRMF is committed to reducing socio-economic and fiscal vulnerability of the country & its population to natural hazards and climate change, through financing investments in disaster risk reduction and preparedness that have high economic impacts.