The new relief effort will bring water, shelter, medical care and food to victims of monsoon floods, especially in Sindh province, in the south of the country, the European Union's executive arm said.
The aid comes on top of 98 million euros already provided by the commission and individual EU states this year.
"For many people still recovering from last year's floods, the situation is catastrophic," said EU humanitarian aid chief Kristalina Georgieva.
The UN's Food and Agriculture Organisation (FAO) estimates that nearly three quarters of southern Sindh province's crops have been damaged or destroyed by the waters, while two thirds of food stocks have also been hit.
On September 18, the United Nations led an appeal for $357 million in emergency funding to shore up rescue and relief efforts for millions of people suffering after floods swept away homes and farm land in southern Pakistan.
Last year, the EU delivered 423 million euros in aid during devastating floods that hit 21 million people.
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The EU contributions are about 1/4 of last years ---- one of the bi products of misusing last prior contributions and hiding OBL.