Germany to provide financial assistance worth Rs 4 billion to Pakistan

Government of PakistanGermany to provide financial assistance worth Rs 4 billion to Pakistan

ISLAMABAD, Pakistan: Germany will provide financial assistance worth 22.4 million Euros to Pakistan to support existing projects in renewable energies, better grid connections and improved access to financial services.

In this regard, an agreement was signed in Islamabad on Friday under the Pakistan-Germany Development Programme.

The Secretary Economic Affairs Division Noor Ahmed and the Charge’d’ Affaires of the German Embassy Dr Jens Jokisch signed the document on behalf of their respective organizations.

The Federal Minister for Economic Affairs Hammad Azhar also witnessed the signing ceremony.

Under the agreement, support for Social Health Protection Schemes in Khyber Pakhtunkhwa and Gilgit-Baltistan is also included which shall provide health insurance to underprivileged masses and investments for polio eradication in collaboration with the Ministry of National Health Services.

The contracting parties underlined the good relations between Germany and Pakistan and looked forward to strengthening their cooperation.

Both sides looked forward to having meaningful deliberations in the upcoming government to government negotiations in Berlin to commit funds for future projects.

While speaking at the agreement signing ceremony, Hammad Azhar opined that the financial assistance from Germany will support key priority sectors of the government like renewable energy, social health protection and access to financial services.

The minister said that the government of Pakistan honors and appreciates financial cooperation from the Germany and looks forward to strengthen bilateral relations in future specifically after the government to government negotiations in September 2019.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru Nanak

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru...

0
Karachi, Pakistan: The State Bank of Pakistan has released coin worth Rs 55 to commemorate the 555th birth anniversary of Baba Guru Nanak.On the...
Punjab Government created a trench at Haro River Bridge so PTI procession from Peshawar could not enter Islamabad

PTI Protest Call: Despite road blockades, PTI workers move on towards Islamabad

0
Monitoring Desk: Despite road blockades, worker arrests, and a police crackdown, followers of Tehreek-e-Insaf (PTI) are moving fast towards Islamabad for a protest on...
37 Brigadiers of Pakistan Army promoted as Major Generals

CTD Punjab claimed to kill three TTP terrorists near Rawalpindi

0
Rawalpindi, Pakistan: The Counter Terrorism Department (CTD) of Punjab killed three TTP terrorists (officially known as Khawaji) at Chakri, 30 km away from the...
Ukraine to receive 500,000 artillery shells by yearend from Czech Republic Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from Czech Republic, reports Ukrinform. Referring to announcement of Czech Foreign Minister Jan Lipavský, Ukrinform reports that Czech Republic will continue to provide support to Ukraine to repel and stop Russian aggression. "As you know, my country has launched an initiative on ammunition. By the end of the year, 500,000 large-caliber shells will be delivered. We will not stop there. We will continue to provide the Armed Forces of Ukraine with the necessary support," the Czech Foreign Minister emphasized.

Ukraine to receive 500,000 artillery shells by yearend from the Czech Republic

0
Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from...

PTI Protest Updates: Bushra Bibi stays away from protest

0
Islamabad, Pakistan: Owing to the fear of arrest, former first lady Bushra Bibi has decided to avoid the PTI protest on November 24. She...
Advertisement