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ministry of monetary affairs secretary muhammad humair karim (l) and ambassador of denmark to pakistan lis rosenholm signed an inter-authorities framework settlement among the governments of pakistan and denmark on august 10, 2022. federal minister for financial affairs sardar ayaz sadiq witnesses the signing ceremony.
islamabad: pakistan and denmark on wednesday signed an inter-governmental framework settlement to decorate economic cooperation inside the electricity and water zone
denmark to present pakistan hobby-free loans
via appaugust 11, 2022
ministry of monetary affairs secretary muhammad humair karim (l) and ambassador of denmark to pakistan lis rosenholm signed an inter-authorities framework agreement between the governments of pakistan and denmark on august 10, 2022. federal minister for economic affairs sardar ayaz sadiq witnesses the signing ceremony. — pid
ministry of monetary affairs secretary muhammad humair karim (l) and ambassador of denmark to pakistan lis rosenholm signed an inter-authorities framework agreement among the governments of pakistan and denmark on august 10, 2022. federal minister for economic affairs sardar ayaz sadiq witnesses the signing rite. — pid
islamabad: pakistan and denmark on wednesday signed an inter-governmental framework agreement to beautify monetary cooperation inside the strength and water area.
the agreement, signed with the aid of secretary ministry of financial affairs muhammad humair karim and danish ambassador lis rosenholm, allowed for hobby-unfastened loans in renewable electricity, energy efficiency, water supply and waste-water treatment sectors, said a press release issued here.
the ambassador also had a quick meeting with minister for financial affairs sardar ayaz sadiq in his workplace. he instructed the ambassador that pakistan and denmark loved a pleasant and cordial dating, and there has been numerous potential to decorate the connection among each the countries.
he further stated that the efforts to revive the nbilateral economic and improvement cooperation paid off with denmark agreeing to offer on-budget support to the government of pakistan through the inter-governmental framework settlement. the focal point on waste water remedy initiatives in faisalabad and lahore changed into immensely appreciated.
the federal cupboard accorded approval to the signing of the framework settlement with denmark on august four this year. this framework settlement is a breakthrough in the bilateral and economic relations among pakistan and denmark, that have been partners in a success development cooperation due to the fact 1969; however, there have been no lively on-budget financial guide extended by means of denmark since 2017. the efforts to restore bilateral financial and development cooperation between the 2 nations paid off with denmark agreeing to provide on-price range assist to authorities of pakistan through this inter-governmental framework settlement.
this framework settlement would act as an umbrella agreement for potential improvement region projects emanating from it, mainly within the sectors of renewable electricity, strength performance, water deliver and waste-water treatment sectors. each assignment will have its separate financing settlement, so that it will be negotiated with the danish side case through case in consultation with all the stakeholders. currently, waste water treatment tasks in faisalabad and lahore are within the pipeline, that are to be negotiated beneath the ambit of this framework agreement. this settlement gives the danida sustainable infrastructure finance (dsif) facility through the danish facet, which would offer hobby free, however tied loans as much as however now not constrained to over €one hundred million, and might also facilitate switch of generation and know-how from denmark to pakistan.
the hobby-unfastened loans after signing this settlement might have a 35% concessional detail overlaying the hobby on the mortgage, export premium, bank margin and an prematurely furnish if these expenses do now not arrive at 35% of the agreement amount.
