Pakistan, EU sign financing agreements worth €65m
ISLAMABAD: Pakistan and the European Union (EU) on Monday signed €65 million (about $75m) in financing agreements to support global gateway investments, strengthen the rule of law and business environment and enhance energy and environmental resilience. The agreements were signed by the EU Ambassador to Pakistan Raimundas Karoblis and the secretary of the Economic Affairs Division (EAD), Muhammad…
The European Union and Pakistan have signed financing agreements worth €65 million to support various development initiatives in the country. The agreements, signed by the EU Ambassador to Pakistan Raimundas Karoblis and the secretary of the Economic Affairs Division, Muhammad Humair Karim, aim to strengthen the rule of law, enhance energy and environmental resilience, and increase foreign investment.
The three main programmes include Global Gateway Development Facilitation for Pakistan, Energy and Natural Environment Resilience in Khyber Pakhtunkhwa, and EU Support to the Rule of Law and Business Environment in Pakistan. These initiatives will focus on improving the tax system, expanding renewable energy in rural communities, and building alternative and commercial dispute resolution mechanisms.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Pakistan, EU sign financing agreements worth €65m dawn.com
- Pakistan, EU sign €65m development agreements dailytimes.com.pk
