Germany announces €109 million for Pakistan

Germany announced a financial package of €109 million for Pakistan in order to develop economic ties between the two countries.

The Declaration of Intent, which was signed following a meeting between Finance Minister Ishaq Dar and German Federal Minister for Economic Cooperation and Development Dr Gerd Muller on Thursday, promises €109 million to Pakistan in the next two years.

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“Muller proffered the prospect of new funding for bilateral technical and financial cooperation,” said an official handout issued by the German Embassy in Islamabad.“The bilateral economic cooperation could reach a significant level of up to €109 million for the two-year period of 2017-2018.”

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