Pakistan and Germany sign financing accords worth €18.5 million

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  • Pakistan and Germany have signed €18.5m accords for health, climate change, and other projects.

 

Pakistan and Germany inked three grant-in-aid agreements with a cumulative value of €18.5 million on Friday.

The Pakistani side was headed by the Ministry of Economic Affairs, while the German Development Bank-KfW represented Germany’s government.

Under these agreements, Germany will provide support for women’s health facilities, polio eradication, and services towards mitigation of energy issues.

The agreements were signed by the Economic Affairs Secretary, Noor Ahmed, and German Development Bank-KfW Pakistan Director, Sebastian Jacobi.

Under the ‘women employment in private health’ component, KfW will grant €12 million exclusively to establish female health clinics in Khyber Pakhtunkhwa and Punjab to promote women’s self-employment in the health sector besides this there will be training for qualified women to run clinics.

Meanwhile, KfW will provide an additional grant of €5 million to augment the existing support for polio eradication. This will help Pakistan finance polio vaccines and meet the costs for implementing its National Emergency Action Plan (NEAP) for Polio Eradication.

Under the climate change/energy component, a grant of €1.5 million will be given to Pakistan to implement accompanying services for the Harpo Hydropower Project in the Gilgit-Baltistan region.

These accompanying measures will be carried out at the project site to support the main Harpo Hydropower Project to ensure project sustainability.

The simultaneous services shall comprise assistance to strengthen the power utility, i.e., the Gilgit-Baltistan Power Department, and accompanying investments in the social infrastructure, including relevant consulting measures.

Historically, Pakistan and Germany have enjoyed warm, friendly relations since the establishment of diplomatic ties in 1951.

Earlier this year, Germany, via KfW, signed agreements with Pakistan’s government to provide €27 million for the Gharo substation in Sindh and €6 million for the Regional Infrastructure Project in Khyber Pakhtunkhwa.

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