Germany commits € 109 million for development cooperation with Pakistan

Germany has committed €109 million for future German Development Cooperation in Pakistan in addition to the on-going portfolio.

Germany has committed grants worth €84 million for financial and technical assistance projects along with a concessional loan worth € 25 million.

The commitment was made during bi-annual negotiations on development cooperation between governments of the two countries held in Berlin from September 11-12.

The Pakistani delegation was headed by Secretary Economic Affairs Division (EAD) Noor Ahmed, and included representatives of the Ministry of Foreign Affairs and the provinces of Khyber Pakhtunkhwa and Punjab.

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The German delegation was headed by Director for Asia at the German Federal Ministry for Economic Cooperation and Development Gisela Hammerschmidt and included participants from the German Foreign Office.

The two sides took stock of the existing development cooperation and expressed satisfaction at the trajectory of cooperation in different areas since 1961.

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.

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.

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