Home Business Germany commits € 109 Million for Development Cooperation with Pakistan

Germany commits € 109 Million for Development Cooperation with Pakistan

The bi-annual Negotiations on Development Cooperation between the Government of the Islamic Republic of Pakistan and the Government of the Federal Republic of Germany were held in Berlin from 11-12 September, 2019.

The Pakistani Delegation was headed by Mr. Noor Ahmed, Secretary, EAD and included representatives of the Ministry of Foreign Affairs and the provinces of Khyber Pakhtunkhwa and Punjab. The Delegation of the Federal Republic of Germany was headed by Ms. Gisela Hammerschmidt, Director for Asia at the German Federal Ministry for Economic Cooperation and Development and included participants from the German Foreign Office, KfW, GIZ and BGR.

The two sides took stock of the existing Development Cooperation and expressed satisfaction at the trajectory of cooperation in different areas since 1961. As a result of the Negotiations, Germany committed € 109 Million for future German Development Cooperation in Pakistan in addition to the on-going portfolio. The German side committed grants worth € 84 Million for financial and technical assistance projects along with a concessional loan worth € 25 Million. During the current talks, both sides underlined the importance of close cooperation and partnership.

The German Federal Ministry for Economic Cooperation and Development committed new funding in three sectors – Good Governance, Energy and Sustainable Economic Development. Fresh funds will be allocated to different projects, including the Billion Tree Afforestation Project, Resilience against Natural Disasters, Local Governance, Support to People Affected by Migration and Displacement, Promotion of Renewable Energies, Social Health Protection and Improvement of Social and Labour Standards.

The Pakistani Delegation briefed the German counterparts about current and planned development priorities of the Pakistani Government, which include a stronger focus on transparency, institutional reforms, poverty alleviation, human resource development and green energy. Both sides exchanged views on increasing the cost effectiveness of development assistance initiatives and the measures to enhance cooperation with the private sector.

The Pakistani side extended an invitation to the German Delegation to visit Pakistan in the near future, which was accepted by the German side.

Must Read

Covid-19 to give rise Retailigence Mobile APP biometric attendance

Covid-19 to give rise Retailigence Mobile APP biometric attendance According to Ministry of health Pakistan, corona virus can stay active on an infected surface for...

realme’s next launch will be its First AIOT launch

The year 2020 is a new start for realme to take one step further! realme is always dedicated to creating the unique products and...

Zong 4G and SIUT join hands to relay authentic healthcare messages to the public

To respond and create awareness around COVID-19, Zong 4G Pakistan’s leading telecommunication network has partnered with Sindh Institute of Urology and Transplantation (SIUT), which...

vivo S1 Pro is Now Available at a More Attractive Price in Pakistan

vivo S1 Pro is Now Available at a More Attractive Price in Pakistan Unique Diamond Design with 48MP AI Quad Camera, Super AMOLED Display, 32MP...

TECNO’s New Spark Series Might Be Equipped with Five Cameras

TECNO Mobiles’ upgraded series Spark 5 Pro is soon going to be launched in Pakistan. As per recent reports, the upcoming Spark 5 is...