Germany offers US$106 million to Pakistan for development programs

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Pakistan and Germany intensify development cooperation with $106 million for future programs

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Pakistan and Germany have signed agreements worth 91.7 Million EURO (106 million USD) to intensify development cooperation for future programs.

Germany will support Pakistan’s renewable energy initiatives and improve social and labour standards under the new projects.

Ambassador of the Federal Republic of Germany Martin Kobler and Secretary of the Economic Affairs Division (EAD) Arif Ahmed Khan signed two agreements on 31 October 2017 regarding development cooperation.

Speaking on the occasion, German Ambassador Kobler highlighted the progress already made within the development cooperation and the friendly relations existing between Germany and Pakistan. He said:

“We desire to strengthen these friendly relations through new development programs in a spirit of partnership and a close commitment to contribute to social and economic development of Pakistan”.

Germany and Pakistan look back at over half a century of successful development cooperation.

The new projects shall support renewable energy and energy efficiency initiatives, improving social and labour standards in the textile industry and Programs supporting “Good Governance”.

Projects in the health sector, as well as reintegration and rehabilitation programs for Internally Displaced Persons (IDPs), are also a part of these Agreements.

In a side event, Germany’s state-run KFW Development Bank signed two implementing grant contracts for the immunization of children against Polio, Pneumonia and Rota Virus. These Programs will be led by the World Health Organization (WHO), UNICEF and the Global Alliance for Vaccination.

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Check out: German Ambassador is breaking all gora stereotypes in Pakistan

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