Pakistan and the European Union have signed three grant agreements worth €65 million, or around Rs20.64 billion.
The agreements will support investment, renewable energy, environmental resilience and legal reforms across Pakistan.
EU Ambassador to Pakistan Raimundas Karoblis and Economic Affairs Division Secretary Muhammad Humair Karim signed the agreements on Monday.
The funding comes under the EU’s Multiannual Indicative Programme for 2021-2027.
EU Funding to Support Foreign Investment
The first programme focuses on improving Pakistan’s investment and financial environment.
The Global Gateway programme aims to attract more foreign investment. It will support improvements in the tax system and long-term financial planning.
The initiative also seeks to strengthen Pakistan’s ability to manage investment and create a stronger financial environment.
As a result, the programme could help improve conditions for foreign businesses and investors.
Renewable Energy Support for Khyber Pakhtunkhwa
The second programme will focus on energy and environmental resilience in Khyber Pakhtunkhwa.
The EU plans to expand renewable energy access in rural areas without electricity connections.
The programme will also provide training for local stakeholders. In addition, it will encourage private investment in the province’s energy sector.
The initiative will also promote sustainable management of natural resources.
Legal Reforms and Business Environment
The third programme will support the rule of law and business environment in Pakistan.
The initiative will improve access to police services, prosecution, courts and legal aid in Khyber Pakhtunkhwa and Balochistan.
Meanwhile, Punjab and Sindh will receive support to expand alternative and commercial dispute resolution.
The programme will involve the judiciary, legal professionals, universities and the business community.
The EU expects these reforms to create a more effective environment for resolving commercial disputes and supporting investment.
Officials Highlight Long-Term Partnership
Muhammad Humair Karim welcomed the EU’s continued support for Pakistan.
He said the programmes align with Pakistan’s goals of attracting foreign investment and improving electricity access in rural areas.
Karim also highlighted the importance of stronger legal standards and faster commercial dispute resolution.
EU Ambassador Raimundas Karoblis said the agreements reflect the EU’s commitment to Pakistan’s economic development.
He also highlighted support for a stronger energy sector in Khyber Pakhtunkhwa.
Furthermore, he said the rule-of-law programme would improve access to justice in Khyber Pakhtunkhwa and Balochistan.
The agreements mark a new phase of EU-Pakistan cooperation in investment, energy, environmental resilience and legal development.
