islamabad -

Japan has agreed to extend two Non-project Grant Aids (NPGAs) for providing Japanese medical equipment, other products made by Japanese Small and Medium Enterprises (SMEs), worth 800 million Japanese yen (approximately $8 million or Rs 807 million) in total, to Pakistan.

Signings for the following two projects took place between Hiroshi Oe, Ambassador of Japan to Pakistan, and Muhammad Shehzad Arbab, Secretary of Economic Affairs Division (EAD), on Tuesday in Islamabad.

NPGA is a scheme to support the promotion of socio-economic development effort of Pakistan by providing foreign currency for the import of necessary goods and commodities.

The first NPGA will be utilized to import Japanese medical equipment to be used in public hospitals in Pakistan. The cutting-edge Japanese medical equipment is expected to contribute to meeting the increased demand for better public medical services in Pakistan. The second NPGA will be utilized to import the Japanese SMEs’ products. Japanese SMEs have unique and efficient technologies on which large firms often rely. The grant aims to make use of these technologies to meet the development needs of Pakistan.

At the signing ceremony, Hiroshi Oe, Ambassador of Japan to Pakistan, said “I believe that these two NPGAs provide valuable opportunities to create synergy between Japan’s technological advantages and Pakistan’s development needs.

I would like to see Pakistani market realize the advantage and high-quality of Japanese medical equipment and products made by SMEs.”

He expressed his hope that these NPGAs will contribute to strengthening the bond of friendship between Japan and Pakistan.