Pakistan and Brunei are to start negotiations to finalise a Memorandum of Understanding (MoU) for a pledged grant of $1.4 million, sources in Economic Affairs Division (EAD) told Business Recorder. They said that the Government of Brunei has pledged a grant assistance of $1.4 million for the following projects in the earthquake affected areas of AJK and Khyber Pakhtunkhawa (KP).
(i) Reconstruction and rehabilitation of Government Primary School Jawarger ($0.1 million); and (ii) reconstruction and rehabilitation of Government Boys Degree College, Bagh, $1.3 million. Sources said that the two countries have to sign a MoU to materialise the grant.
The draft MoU has been cleared by the Finance Ministry, Earthquake Reconstruction and Rehabilitation Authority (ERRA) and Auditor General of Pakistan. Sources said that EAD has sought in principle approval of the Cabinet in terms of Rules 16(1)(h) of the Rules of Business 1973 to start negotiations on the draft MoU with the Government of Brunei. Minister for Finance and Economic Affairs Hina Rabbani Khar has already cleared the proposal.
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