AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

ISLAMABAD: The Government of Pakistan and the Government of Germany signed three grant-in-aid agreements with a cumulative value of Euro 18.5 million. Under these agreements, the Government of Germany will provide support to the Government of Pakistan for health facilities and combating polio in the country, along with services towards mitigating energy issues.

The agreements were signed by Noor Ahmed, secretary, Ministry of Economic Affairs and Sebastian Jacobi, country director, German Development Bank-KfW Pakistan.

Under the "Women Employment in Private Health Sector", KfW will provide a grant of Euro 12 million exclusively for the establishment of women's health clinics in Khyber Pakhtunkhwa and Punjab to promote self-employment of women in the health sector, and training of qualified women to run clinics.

For "polio eradication", the Government of Germany, through KfW will provide an additional grant of Euro five million to augment the existing support for polio eradication.

This will help the Government of Pakistan to finance polio vaccines and meet the costs for vaccination campaigns for implementation of Pakistan's National Polio Emergency Action Plan.

Under the climate change/energy component, a grant of Euro 1.5 million is provided 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 in support of the main Harpo Hydropower Project to ensure the project sustainability. The accompanying services shall comprise assistance to strengthen the power utility i.e. the Gilgit-Baltistan Power Department as well as accompanying investments in the social infrastructure including relevant consulting measures.

Earlier this year, the Government of Germany, through KfW signed agreements with the Government of Pakistan to provide Euro 27 million for Gharo Substation in the province of Sindh, and Euro six million for the Regional Infrastructure Project in Khyber-Pakhtunkhwa.

Noor Ahmed thanked the country director, KfW for providing grant-in-aid assistance to Pakistan worth Euro 18.5 million.

Copyright Business Recorder, 2020

Comments

Comments are closed.