Pakistan, Germany Sign Agreement For Regional Infrastructure Fund (Phase-II).

ISLAMABAD -- The signing ceremony for the project named 'Regional Infrastructure Fund-II for Khyber Pakhtunkhwa for Resilient Resource Management in Cities (RRMiC)' was held between both government of Pakistan and Federal Republic of Germany in the Ministry of Economic Affairs on Monday.

Mian Asad Hayaud Din, Secretary Ministry of Economic Affairs, and Sebastian Jacobi, Country Director KfW (German Bank for Development) signed the agreement. Government of Germany, through the KfW Development Bank, will provide a grant of Euro 17.5 million to the Government of Pakistan for the project. This is also to be noted that Pakistan has been a recipient of German Development Assistance since the founding of German Federal Ministry for Economic Cooperation and Development (BMZ) in 1961.

The total development assistance encompassing both technical and financial cooperation since 1961 amounts to pound 3.8 billion. With the funds provided by the German Government, KfW Development Bank will support the Government of Khyber Pakhtunkhwa in investments in community infrastructure, improvements in capacity and service delivery, citizen participation and equality and...