Germany commits 114 million euros to strengthen Pak economy

ISLAMABAD:

Pakistan and Germany on Wednesday successfully concluded bilateral talks on development cooperation in Islamabad as Germany announced a new financial and technical commitment of 114 million euros for the period 2025-26.

The development package focuses on key areas such as climate and energy (just transition), sustainable economic development and vocational training and social protection.

The negotiations were chaired by Muhammad Humair Karim, Secretary, Ministry of Economy and Christine Toetzke, Director General of the Federal Ministry for Economic Cooperation and Development (BMZ).

Ina Lepel, Ambassador of Germany to Pakistan and Saqlain Syeda, Ambassador of Pakistan to Germany also participated in the engagement, strengthening the institutional ties and spirit of cooperation between the two governments.

Secretary EAD, Karim appreciated the Government of the Federal Republic of Germany for its continuous and valued support for Pakistan’s development in promoting renewable energy initiatives, promoting job creation and strengthening social protection mechanisms.

The need for continued alignment with Pakistan’s economic transformation plan “URAAN Pakistan” was further urged.

Christine Toetzke appreciated Pakistan’s reform efforts and reaffirmed Germany’s commitment to support Pakistan in tackling the challenges of climate change, economic transformation and social inclusion.

Ambassador Ina Lepel praised the strong partnership between the two countries and emphasized that Germany values ​​its long-standing friendship with Pakistan and will continue to work together to promote sustainable growth, good governance and people-centered development.

At the end of the event, Economic Secretary Humair Karim and Director General Christine Toetzke signed the summary document for the bilateral talks between Pakistan and Germany in 2025 on development cooperation, formally marking the new commitments and confirming the joint decision to strengthen bilateral ties.

Both sides reaffirmed their commitment to deepen cooperation under the Pakistan-Germany Climate and Energy Partnership, strengthen coordination on vocational training and youth employment, and continue cooperation on social protection and disaster resilience.

The next round of negotiations between the two countries will be held in Berlin in 2027.

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