Pakistan, Germany sign €40.5m agreement

Pakistan and Germany on Thursday signed a Technical Cooperation Agreement worth €40.5 million for the implementation of nine projects of Technical Development.

Under the agreement, the German Development Bank, KfW, will provide financial and technical support for the launch of nine new development projects across Pakistan.

German Ambassador Ina Lepel said that the new agreement reflected the shared commitment of both countries to addressing global challenges such as climate change, energy transition, and social vulnerability through practical cooperation and joint action.