AGL 40.30 Increased By ▲ 0.29 (0.72%)
AIRLINK 127.29 Decreased By ▼ -0.70 (-0.55%)
BOP 6.67 Increased By ▲ 0.07 (1.06%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.89 Increased By ▲ 0.41 (0.99%)
DGKC 87.90 Increased By ▲ 1.32 (1.52%)
FCCL 32.90 Increased By ▲ 0.76 (2.36%)
FFBL 64.87 Decreased By ▼ -0.55 (-0.84%)
FFL 10.26 Increased By ▲ 0.01 (0.1%)
HUBC 109.84 Decreased By ▼ -0.65 (-0.59%)
HUMNL 14.82 Increased By ▲ 0.07 (0.47%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.54 Increased By ▲ 0.42 (5.9%)
MLCF 41.84 Increased By ▲ 0.19 (0.46%)
NBP 59.68 Decreased By ▼ -0.41 (-0.68%)
OGDC 194.98 Increased By ▲ 0.29 (0.15%)
PAEL 28.25 Increased By ▲ 0.30 (1.07%)
PIBTL 7.80 Decreased By ▼ -0.20 (-2.5%)
PPL 152.50 Increased By ▲ 1.33 (0.88%)
PRL 26.65 Decreased By ▼ -0.23 (-0.86%)
PTC 16.19 Increased By ▲ 0.19 (1.19%)
SEARL 84.50 Increased By ▲ 6.30 (8.06%)
TELE 7.67 Increased By ▲ 0.28 (3.79%)
TOMCL 35.45 Decreased By ▼ -0.22 (-0.62%)
TPLP 8.17 Increased By ▲ 0.26 (3.29%)
TREET 16.17 Increased By ▲ 0.28 (1.76%)
TRG 52.80 Increased By ▲ 0.04 (0.08%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.24 Decreased By ▼ -0.03 (-2.36%)
BR100 9,937 Increased By 17.1 (0.17%)
BR30 30,864 Increased By 112 (0.36%)
KSE100 93,676 Increased By 451.4 (0.48%)
KSE30 29,030 Increased By 145.5 (0.5%)

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.