Germany shall provide financial assistance worth PKR 9.4 Billion in Energy, Vocational Training and Governance Sectors

Mr. Noor Ahmed, Secretary, EAD and Dr. Jens Jokisch, the Charge’ d’ Affairs of the German Embassy in Islamabad, signed an agreement for financial assistance under the Pakistan-Germany Development Program worth Euro 58.8 million (PKR 9.4 Billion). 

This financial contribution shall help Pakistan to strengthen its renewable energy sector and gird connectivity. It also aims to continue support to the Refugee-Affected and Hosting Areas (RAHA) program, as well as in strengthening Pakistan’s Technical and Vocational Education and Training (TVET) infrastructure.

Development cooperation between Pakistan and Germany dates back to 1961, with the funding volume to date totaling more than Euro 3 Billion. Mr. Noor Ahmed and Mr. Jens Jokisch highlighted the existing friendly relations between the two countries and the desire to further strengthen it through enhanced development cooperation 

Mr. Jokisch said the signing of the agreement will strengthen the on-going cooperation, that the German government looks forward to hosting the Pakistan delegation in the upcoming Government to Government Negotiations in September, 2019 in Berlin. Secretary, EAD thanked the German government for extending financial assistance to Pakistan.