By: Muhammad Arif, Editor NSN.Asia
Islamabad: Germany, a major trader partner of Pakistan, has agreed to provide twenty-four million euro to Pakistan for climate resilience projects in the field of sustainable energy and emissions trading.
The understanding on financial support was reached on Wednesday in Islamabad when the visiting German Federal Minister for Economic Cooperation and Development Svenja Schulze called on Minister for Economic Affairs Ahad Khan Cheema in Islamabad.
Acknowledging the potential of textile industry of Pakistan, Svenja Schulze emphasized the need to expand the bilateral cooperation in this sector.
Both sides also agreed on the importance of climate friendly projects and the development of Small and Medium Enterprises as the critical factors for the economy of Pakistan.
Speaking on the occasion, Ahad Khan Cheema highlighted the German support extended to Pakistan for attaining the GSP+ status.
He also expressed gratitude for the 91.1 million euro for country’s post flood climate resilient reconstruction.
Ahad Khan Cheema appreciated German support for Hydropower Projects in Pakistan and the Pakistan German Climate and Energy Partnership.
The Minister expressed hope that the Government of Germany would continue its support in areas of clean energy and climate change, and the pipeline assistance would not be subject to any budgetary cuts.
