Pakistan, Germany ink Rs 11bn development agreement

BERLIN – Pakistan and Germany have signed an agreement amounting to Rs 11 billion under which the German government has agreed to fund development projects in Pakistan.Economic Affairs Division Secretary Muhammed Saleem Sethi led the Pakistani delegation, while the German side was led by Deputy Minister for Development Thomas Silberhorn.GIZ and KfW Development Bank – two Germany-based development firms – would use these funds to continue and scale up existing projects in governance, technical and vocational education and training, energy and health.

“In our government-to-government negotiations we successfully committed Rs 11 billion new German funding for Pakistan. This reflects the close relationship between the two countries,” the German deputy development minister said.“Our longstanding friendship allows us to discuss about success stories such as reforms in taxes and revenue generation, but also about remaining challenges such as the current situation of international non-governmental organisations in Pakistan,” he added.


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