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Thursday, November 21, 2024
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Germany to grant Pakistan €45 million

In Islamabad, Pakistan, a significant development has emerged as Germany pledges €45 million to initiate new bilateral cooperation endeavors. The focus of these projects spans critical areas such as climate and energy, economic development, social protection, and population policy. The Economic Affairs Division, in a recent press release, underscored that these agreements are the fruit of a longstanding and trustworthy partnership between the two nations.

The newly commissioned projects are strategically aligned with Germany’s development cooperation priorities, emphasizing climate and energy transition, sustainable economic growth, health, social protection, and population policy. These initiatives adopt a holistic approach, aiming to create synergies for comprehensive solutions to address pressing global challenges like climate change while ensuring the inclusion of vulnerable demographics such as women and youth.

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The signing ceremony for the €45 million agreements was attended by Secretary for Economic Affairs, Dr. Kazim Niaz, and German Ambassador to Pakistan, Alfred Grannas. Both parties expressed their commitment to building upon the substantial efforts made over past decades. They highlighted the tangible impact of German development cooperation on various sectors of Pakistan’s development landscape.

Ambassador Grannas emphasized the significant contributions of German-Pakistani cooperation, stating that the signed agreements mark a continuation of their joint pursuit towards a sustainable future for Pakistan. Secretary Dr. Niaz echoed this sentiment, expressing deep appreciation for the robust support received in technical development cooperation. This latest commitment signifies a continued partnership aimed at addressing the developmental needs of Pakistan and fostering sustainable progress.

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