Pakistan and Germany signed an agreement for technical assistance under the Pakistan-Germany Development Programme worth 23.4 million euros, (Rs3.9 billion).
The technical cooperation agreement was signed by Economic Affairs Division Secretary Noor Ahmed and German Ambassador Bernhard Stephan Schlagheck. Federal Minister for Economic Affairs Hammad Azhar witnessed the signing ceremony in Islamabad.
The technical assistance will be extended to projects in the area of social protection, technical and vocational education, support for local governance and improvement of labour and social standard in Pakistan’s textile industry. According to the statement, these schemes are in line with the priority areas of the government.
The contracting parties emphasized cordial relations between Pakistan and Germany and looked forward to strengthening their cooperation. Both the sides highlighted the importance of actively collaborating in finalization of the project objectives to ensure that concerns of the end beneficiaries are addressed.
On the occasion, Hammad Azhar thanked the German government for the grant assistance especially in priority areas highlighted by the government. He opined that the technical assistance from Germany must be used for the maximum benefit of the people thus, all-out measures should be taken to make cost-effective expenditure with reliance on using local resources.
The federal minister said that the government honours and appreciates technical cooperation from the government of the Federal Republic of Germany and looks forward to strengthening bilateral relations in future.