ISLAMABAD-Germany has agreed to offer over 163 million euros to Pakistan for the event initiatives included in the principle sectors of the economic system and socio-economic improvement, i.e., local weather, social safety, well being, water and irrigation in addition to human improvement.
Authorities to Authorities (G2G) negotiations between the Islamic Republic of Pakistan and the Federal Republic of Germany had been held on Could eight and 9, 2023, in Berlin. Negotiations had been inaugurated by Sardar Ayaz Sadiq, Federal Minster for Financial Affairs, and Niels Annen, Parliamentary State Secretary for Federal Ministry of Financial Cooperation and Improvement (BMZ), Germany. The negotiations had been then co-chaired by Dr. Kazim Niaz, Secretary Financial Affairs of Pakistan, and Mr. Helmut Fischer, Head of Pakistan and Afghanistan Division in BMZ.
Based on the press assertion issued right here, throughout negotiations, improvement initiatives value 163 million euros had been agreed to be funded by the German authorities in Pakistan. The initiatives embody the principle sectors of the economic system and socio-economic improvement, i.e., local weather, social safety, well being, water and irrigation, TVET, in addition to human improvement. Within the inaugural assertion, Annen said that each Pakistan and Germany get pleasure from cordial relations based mostly on very sturdy and secure improvement cooperation historical past during the last six a long time. He underscored that Germany sees Pakistan as an important strategic bilateral accomplice from the angle of improvement cooperation and different spheres of mutual curiosity. He assured that his nation is dedicated to align the event interventions by BMZ with Pakistan’s improvement technique, the 2030 Agenda, and the sustainable improvement objectives.
Sardar Ayaz Sadiq in his assertion appreciated the event help prolonged by German authorities for the socio-economic improvement of Pakistan over the past greater than 60 years and the a lot wanted assist supplied by the German authorities throughout the 2022 floods. Dr. Niaz and Mr Fischer, of their statements, reiterated their dedication to shut cooperation and sturdy engagement between the Ministry of Financial Affairs Pakistan and BMZ Germany for environment friendly implementation of improvement initiatives to realize the specified outcomes. It was agreed that the subsequent spherical of G2G negations might be held in Pakistan in 2025.