Islamabad- An agreement between Pakistan and Kuwait was signed today, providing Pakistan an additional loan of $32 million for Neelum Jhelum Hydropower Project. Deputy Director General Hamad Al-Omar and Pakistan's Secretary Saleem Sethi signed the agreement on behalf of their respective governments in Islamabad.
Finance Minister Ishaq Dar and Kuwaiti ambassador Nawaf Abdul Aziz also attended the ceremony. Finance Minister Ishaq Dar welcomed the agreement, appreciating efforts made by Kuwait in development of Pakistan. Dar believes the project will help Pakistan produce low cost electricity.