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EU, Pakistan sign Rs.6.326 bln agreements.

ISLAMABAD, August 28, 2009 (Balochistan Times): Pakistan and European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community  here on Friday signed four financing agreements Financing Agreements

In the context of project financing, the documents which provide the project financing and sponsor support for the project as defined in the project contracts.
 worth Rs.6.326 billion (Euro 55.8 million) in sectors of education and human resource development, rural development and trade-related assistance. The agreements were signed by Secretary Economic Affairs Division, Farrakh Qayyum and Charg dAffairs ad Interim of the EC to Pakistan, Tomas Niklasson. The first project, Rural Development and Natural Resources Management in NWFP NWFP North-West Frontier Province (northwest Pakistan)
NWFP Northwest Forest Plan
NWFP Non-Wood Forest Product
 and Balochistan, through capacity building and promoting of sector wide approaches, will assess the dynamics of the rural development sector and the feasibility of sector-wide approaches in the region. The second project Improving Livelihood through Application of Renewable Energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.  will enhance income generating opportunities in NWFP and Balochistan. The third project, Trade Related Technical Assistance is aiming at encouraging employment opportunities by increasing Pakistans export capacity. While the last and fourth project of Technical and Vocational Education and Training will improve the socio-economic development of Pakistan through investment in human capital. Speaking on the occasion, Farrakh Qayyum said that the government of Pakistan Government of Pakistan (Urdu: حکومتِ پاکستان), The Constitution of Pakistan provides for a Federal Parliamentary System of government, with a President as the Head of State and an indirectly-elected Prime  appreciated the support of the EU and expressed the hope that these agreements would mark a new beginning towards strengthening ties between two sides. The UE demonstrates commitment to its growing ties with Pakistan by signing the financing agreements, said Niklasson adding that the projects would support economic activities to enhance vocational skills of the people in the most deprived areas of the country.

(THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population.  PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Aug 28, 2009
Words:243
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