Pakistan and European Union sign financial agreement of €100 million – Research Snipers

Pakistan and European Union sign financial agreement of €100 million

European Union

The European Union on Friday consented to two financing agreements with Pakistan for giving help of €100 million to enhance education and development for rural development programs.

Economic Affairs Division Secretary Noor Ahmed and the EU Ambassador to Pakistan Jean Francois Cautain signed the financing agreements worth €100 million.

The understandings – Development through Enhanced Education Program (DEEP), and Growth for Rural Advancement and Sustainable Progress (GRASP) – are equivalent to Rs15,942 million aggregately.

Pakistan and European Union have a long history of development participation, and the financing agreements were a piece of the Multiannual Indicative Program (2014-2020) marked between European Union and Pakistan.

These undertakings have been structured in a joint effort with the government of Pakistan stakeholders. GRASP is a six year program that adds to the decrease of poverty through advancement of rural SMEs. It would make gender inclusive jobs and salary opportunities in the provincial regions of Sindh and Balochistan through focused help to both people in general and private divisions. It is a grant adding up to €50 million.

DEEP plans to contribute towards all inclusive access to quality education in Sindh, empowering youngsters to progress and take part in profitable work or higher/professional education.

It aims to support the implementation of the educational policy of the government of Sindh, and is also a grant amounting to €50 million.

Welcoming the signing of the arrangements, Economic Affairs Division secretary said the legislature of Pakistan profoundly valued the development help given by the European Union. The two sides consented to extend their commitment to different regions of development participation.

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