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Home Islamabad

Germany agrees to provide €60m for IDPs, Hydropower

byM. Faizan
18/09/2015
in Islamabad, Latest News, Slider News
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ISLAMABAD: The German Deputy Development Minister, Thomas Silberhorn, who is on a two-day visit to Pakistan, has signed three agreements worth €60 million for IDPs and Hydrocarbon projects.

Finance Minister Ishaq Dar and Deputy Minister Silberhorn signed three agreements comprising €60 million under German development cooperation for Pakistan.

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The agreements consist of a €10 million grant for the rehabilitation for IDPs in FATA as well as €10 million grant for the Regional Infrastructure Fund doe KP. Moreover a €40 million loan agreement for the Warsak Hydropower plant, a joint project of Germany, France and the EU, was concluded. During his visit Silberhorn also met with members of the National Assembly. He will hold talks with chief minster Punjab Shabaz shreif tomorrow.

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