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BusinessLatest

Pakistan, French Development Agency sign €12m grant agreement

By Faiz Paracha

Pakistan, French Development Agency Sign €12 Million Grant Agreement

ISLAMABAD: The government of Pakistan and the French Development Agency (AFD) have signed an agreement under which France will provide a grant worth €12 million (approximately 1.2 crore euros) to Pakistan.

According to a spokesperson for the Ministry of Economic Affairs, the agreement was signed by the Secretary of Economic Affairs, the French Ambassador to Pakistan, and the Director of AFD.

The grant is funded by the European Union and will be disbursed through the French Development Agency. The project aims to improve the quality of services provided by WASA (Water and Sanitation Agency) in Lahore and Faisalabad.

In addition, the initiative will help the Housing Department implement an effective regulatory framework, strengthening governance and service delivery in the urban water and sanitation sector.

Faiz Paracha

Faiz Paracha, an esteemed broadcast journalist with over two decades of experience, excels in reporting and editorial positions. His expertise lies in the economy and energy sectors, where he has delivered thorough coverage and valuable insights.

Currently serving as the Head of Reporting at News Diplomacy, Faiz manages coverage related to diplomatic missions, international development organizations, the United Nations, and foreign affairs. His diverse interests encompass environmental and climatic issues, alongside his profound knowledge of business, economy, and energy.

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