Pakistan, Germany ink [euro]22.4mn agreement.

Pakistan and Germany on Friday signed an agreement under the Pakistan-Germany Development Programme for financial assistance of [euro]22.4 million for existing projects of renewable energy, better grid connections and improved access to financial services through the microfinance initiative of the Pakistan Microfinance Investment Company (PMIC).

Economic Affairs Division Secretary Noor Ahmed and German Embassy Charge d'Affaires Dr Jens Jokisch signed the agreement. Federal Minister for Economic Affairs Hammad Azhar was present at the ceremony.

The agreement included support for social health protection schemes in Khyber-Pakhtunkhwa and Gilgit-Baltistan by providing health insurance to underprivileged people and investment in polio eradication in collaboration with the Ministry of National Health Services, Regulation and Coordination.

According to a statement issued by the Economic Affairs Division, the development cooperation...