Pakistan and Asian Development Bank has signed a grant agreement for National Disaster Risk Management Fund.
Secretary, Economic Affairs Division Noor Ahmed and ADB Country Director Ms Xiaohong Yang signed a grant agreement for NDRMF.
The grant will be utilized for enhancing resilience and reducing disaster risk in Khyber Pakhtunkhwa.
A Project Agreement for Swiss Grant was also signed between Country Director, ADB, Xiaohong Yang, and Chief Executive Officer, NDRMF Lt. Gen. (R) Nadeem Ahmed.
National Disaster Risk Management Fund has been established as a government-owned public limited company with technical and financial assistance of Asian Development Bank.
The objective of the Fund is to establish a sustainable mechanism to support disaster risk reduction and financing instruments that can enhance Pakistan’s resilience to future disasters.