Pakistan and Germany have signed a memorandum of understanding (MoU) for strengthening the bilateral ties in the energy and other sectors on Thursday under the Pakistan-Germany Development Programme. The signed deal worth Rs9.4billion.
The MoU is aimed at helping Pakistan to strengthen its sector of renewable energy and grid connections. It is also targeted at providing support to the Refugee Affected and Hosting Areas (RAHA) program, as well in building the TVET infrastructure of Pakistan.
The development cooperation between Pakistan and Germany dates back to the year 1961. The funding volume to date totals more than 3 billion euros.
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Dr Jens Jokisch—the Charge’ d’ Affairs of the Germany Embassy in the federal capital and the Secretary EAD—Noor Ahmed signed the deal for financial assistance.
They highlighted the current ties that both the countries share and the desire to further boost them via enhanced development cooperation.
Mr Jokisch said that the agreement signing would be intensifying the running operations and that the government of Germany already looks forward to hosting the Pakistan delegation in the upcoming Government to Government Negotiations in September this year, in Berlin.
Noor Ahmed thanked the German government for giving financial assistance to Pakistan.