The Ministry of Economic Affairs and the German Development Bank have signed agreements to enhance the capabilities of Pakistan's power transmission sector and provide assistance to the health sector, especially in flood-affected regions.
During a ceremony in Islamabad, Dr. Kazim Niaz, Secretary of the Ministry of Economic Affairs, and Sebastian Jacobi, Country Director of KfW, inked the agreements, symbolizing Germany's commitment to advancing Pakistan's developmental goals. Managing Director of NTDC, Engineer Dr. Rana Abdul Jabbar Khan, was also present on the occasion.
Under the "Promotion of Renewable Energies and Energy Efficiency" program, KfW, representing the German Government, will grant an additional €2.5 million to the National Transmission and Despatch Company.
This funding aims to ensure efficient operation and maintenance of installations, integrating robust environmental and social management systems. It is geared towards enhancing the inclusion of renewable energy in the transmission system, contributing to sustainable economic growth and environmental conservation.
In another significant initiative, KfW will allocate an additional €1.5 million to the "Self-Employment of Women in the Private Health Sector" program. This initiative aims to economically empower women by establishing 400 clinics in Punjab and Khyber Pakhtunkhwa, creating income-generating opportunities. The support is designed to foster inclusive and sustainable economic growth while simultaneously improving reproductive health services in rural areas.
Sebastian Jacobi highlighted the longstanding economic cooperation between Germany and Pakistan, spanning over 60 years. He emphasized that the new agreements signify Germany's continued commitment to supporting Pakistan's journey towards progress and prosperity.