ISLAMABAD: Germany has committed to providing €45 million to Pakistan for the initiation of new bilateral cooperation projects, concentrating on climate and energy, economic development, social protection, and population policy issues.
The agreements, focused on technical development cooperation, signify the outcome of a longstanding and trustworthy partnership between the two nations, as stated by the Economic Affairs Division in a press release on Wednesday.
The recently established projects align with Germany’s development cooperation thematic areas, encompassing climate and energy, just transition; sustainable economic development, training, and employment; as well as health, social protection, and population policy.
Both ongoing and novel projects are designed with a comprehensive approach, fostering synergies to address complex and global challenges like climate change and the integration of vulnerable groups, including women and youth.
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. Officials from both countries emphasized the substantial efforts made over the past decades, citing the impact of German development cooperation as evidence of successful collaboration targeting essential development sectors.
Ambassador Grannas expressed optimism about the continued journey towards a sustainable future in Pakistan through joint efforts. Secretary Dr. Niaz acknowledged the strong support received for technical development cooperation, emphasizing the government’s deep appreciation for such assistance. The collaboration underscores a commitment to addressing pressing challenges and fostering sustainable development in Pakistan, reinforcing the bonds of cooperation between the two nations.