ISLAMABAD - Germany agreed on Friday to provide assistance of 125.7 million euros to Pakistan. 98.7 million euros have been given as grant while 27 million euros as loan.

In this regard, Pakistan and Germany on Friday signed four financing agreements for development cooperation. EAD Secretary Tariq Bajwa and German Ambassador Ina Lepel signed the agreements. The areas focused for cooperation include governance, health, education, support to TDPs, vocational training etc.

Acknowledging the role of Germany is playing in helping Pakistan in achieving sustainable socio-economic development objectives, Finance Minister Senator Muhammad Ishaq Dar stated that Pakistan highly values Pak-German partnership dating back to 1961. He emphasized the need to not only enhance bilateral cooperation in trade, energy and social sectors but also promoting bilateral trade and investment and more people-to-people contacts. The German ambassador highlighted 56 years of successful German-Pakistan cooperation with the affirmation to continue the same for mutual benefit of the two countries.

The signing ceremony was preceded by a meeting between Finance Minister Ishaq Dar and German Ambassador Ina Lepel. Both sides on the occasion expressed the resolve to continue working together to enhance bilateral ties in different areas of mutual interest. Senior officials of Finance Division, Economic Affairs Division and Embassy of Germany attended the signing ceremony.

GAVI delegation calls on

finance minister

A high level delegation of Global Alliance for Vaccines and Immunization (GAVI), led by its deputy CEO Anuradha Gupta, called on Finance Minister Ishaq Dar here Friday.

Welcoming the delegation, the finance minister said that mother and child care was a priority agenda in the health sector for the government of Pakistan. He expressed gratitude to the visiting dignitary for her organization’s continued support to strengthening Pakistan’s child immunization programme. He said the federal and provincial governments were geared up to boost immunization coverage with special attention to under served areas.

Anuradha Gupta informed the minister that her organization was providing support to the tune of 835 million dollars to Pakistan which was likely to be enhanced to 1 billion dollars by the year 2020. She appreciated finance minister’s support to the immunization program which saves lives of hundreds of thousands of children every year.

She said immunization was the most cost-effective interaction and on an average one dollar invested by the country in protecting a child’s health through immunization saves sixteen dollars on a child’s treatment should the child contract the disease. She also expressed her appreciation for the National Immunization Support Program as the true road map for taking the service to every Pakistani child.

The finance minister assured that his ministry would provide all out support to the noble cause being pursued by Expanded Program on Immunization and GAVI.