AGL 40.08 Increased By ▲ 0.05 (0.12%)
AIRLINK 127.85 Increased By ▲ 0.15 (0.12%)
BOP 6.73 Increased By ▲ 0.12 (1.82%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 9.05 Increased By ▲ 0.26 (2.96%)
DFML 41.62 Increased By ▲ 0.04 (0.1%)
DGKC 86.61 Increased By ▲ 0.82 (0.96%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.99 Increased By ▲ 0.96 (1.5%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 111.86 Increased By ▲ 1.09 (0.98%)
HUMNL 14.80 Decreased By ▼ -0.27 (-1.79%)
KEL 5.05 Increased By ▲ 0.17 (3.48%)
KOSM 7.46 Increased By ▲ 0.01 (0.13%)
MLCF 40.70 Increased By ▲ 0.18 (0.44%)
NBP 61.60 Increased By ▲ 0.55 (0.9%)
OGDC 196.52 Increased By ▲ 1.65 (0.85%)
PAEL 27.56 Increased By ▲ 0.05 (0.18%)
PIBTL 7.35 Decreased By ▼ -0.46 (-5.89%)
PPL 154.01 Increased By ▲ 1.48 (0.97%)
PRL 26.40 Decreased By ▼ -0.18 (-0.68%)
PTC 16.26 No Change ▼ 0.00 (0%)
SEARL 86.00 Increased By ▲ 1.86 (2.21%)
TELE 7.75 Decreased By ▼ -0.21 (-2.64%)
TOMCL 36.45 Decreased By ▼ -0.15 (-0.41%)
TPLP 8.90 Increased By ▲ 0.24 (2.77%)
TREET 17.12 Decreased By ▼ -0.54 (-3.06%)
TRG 59.10 Increased By ▲ 0.48 (0.82%)
UNITY 28.00 Increased By ▲ 1.14 (4.24%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,121 Increased By 121.2 (1.21%)
BR30 31,277 Increased By 275.2 (0.89%)
KSE100 94,990 Increased By 798.2 (0.85%)
KSE30 29,499 Increased By 297.6 (1.02%)

The Cabinet, scheduled to meet on Wednesday, is set to approve Australia-Pakistan Development Partnership (APDP) worth $211.2 million for years 2010-13. After the approval of the Cabinet, Australian government and Pakistan would sign a Memorandum of Understanding (MoU) on APDP under Rule 16(1) (h) of the Rules of Business 1973.
Peter Baxter, accompanied by Tim George, Australian High Commissioner, met the Minister of State for Finance and Economic Affairs, Hina Rubani Khar, on December 15, 2009 and apprised her of the salient features pertaining to enhanced assistance of Aussie assistance worth $211.2 million during 2010-13.
In December, 2009 Ministry of Foreign Affairs forwarded a draft of APDP document for consideration of Economic Affairs Division (EAD). This partnership seeks to broaden the area of development co-operation along with the quantum of financial assistance for rapid progress towards poverty reduction and achieving the Millennium Development Goals (MDGs) in Pakistan.
Under the APDP, the Australian development assistance will focus on health, education, technical training rural development, agriculture and livestock, economic reform program, good governance and reconstruction and rehabilitation of areas affected by the law enforcement operation.
The draft of APDP document was circulated to all relevant line Ministries; namely, Ministry of Foreign Affairs, Planning Commission, Ministry of Finance, Ministry of Education, Ministry of Food & Agriculture and Ministry of Health with the request to give their input in priority areas of these sectors. All relevant Ministries/Divisions supported the idea of entering into partnership with the Australian Government as envisaged in the APDP. The draft of APDP has also been vetted by Law Division to remove legal hitches, if any.

Copyright Business Recorder, 2010

Comments

Comments are closed.