ISLAMABAD, Pakistan: The government of Pakistan and the Federal Republic of Germany on Thursday signed the Technical Cooperation Agreement in Islamabad.
Under the agreement, Germany will provide technical assistance worth €10 million (approximately Rs 1.95 billion) for two projects “Promoting Resilience against Impacts of Natural Disaster in Pakistan” and “Improvement of Labour, Social and Environmental Standards in Pakistan Textile Industry”.
The agreement was signed by the Secretary at the Ministry of Economic Affairs in Islamabad Noor Ahmed on behalf of the government of Pakistan and the German Ambassador to Pakistan H. E. Bernhard Schlagheck.
The aim of the project “Promoting Resilience against Impacts of Natural Disaster in Pakistan” is to technically equip the disaster management authorities to support in development planning and implementation to reduce disaster risks.
Furthermore, the project “Improvement of Labour, Social and Environmental Standards in Pakistan Textile Industry” at improving the framework conditions for the implementation of labour standards in the province of Punjab.
The project will also support the dialogue between state, private and civil society stakeholders and promotes incentives and advice companies to improve labour standards.
The development cooperation between Pakistan and Germany dates back to 1961 with funding volume to-date totalling more than €3 billion.
On this occasion, the two sides reiterated their resolve to further strengthen bilateral cooperation.
The Secretary Noor Ahmed thanked the government of the Federal Republic of Germany for the grant of technical assistance in priority areas of the government of Pakistan.
The German ambassador expressed his desire to enhance economic cooperation with Pakistan in the future.