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Pakistan, Germany sign agreement for hydropower, renewable energy

Pakistan and Germany have inked financing agreement for hydropower and renewable energy phase-II worth Rs2,145.29 million.

Economic Affairs Division Secretary Dr. Syed Pervaiz Abbas and German Development Bank Wolfgang Country Director Moellers signed the document in Islamabad on Friday. Minister for Economic Affairs Hammad Azhar was also present on the occasion, read a statement issued by the ministry.

Under the agreement, the German bank will provide grant assistance worth € 12.5 Million to the government of #GilgitBaltistan and Agha Khan Rural Support programme

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