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Two Financing Agreements worth grant of Euro 25 million inked.

ISLAMABAD, December 22, 2009 (Frontier Star): The Government of Pakistan signed two Financing Agreements worth grant of Euro 25 million with the KFW Development bank from Germany on Tuesday. Mr. Sibtain Fazal Halim, Secretary, EAD and KfW Development Bank, represented by Dr. Anna Christine Janke, Director of KfW Office Islamabad, represented the respective governments. The Agreements include Financing Agreement on Safe Blood Transfusion and Financing Agreement on RAHA Programme. Financing Agreement on Safe Blood Transfusion in Pakistan worth Euro 15million was signed by EAD, KfW Development Bank & Dr. Rashid Jooma M/o Health while Financing Agreement on RAHA (Refugee Affected & Hosting Areas) Programme worth grant of Euro10million was signed between EAD, KfW Development Bank and Mr. Khassi Diagne, Deputy Representative, UNHCR. The signing was witnessed by Mr. Marcus von Essen, Economic Counsellor at the German Embassy. Euro 15 million for Safe Blood Transfusion in Pakistan will be used exclusively for establishing a Safe Blood Transfusion System in Pakistan, for construction of regional blood centres, provision of blood bank equipment and for financing of accompanying operative training measures,etc. Euro 10 million for RAHA Programme will be exclusively used by UNHCR for the support of its RAHA initiative (Social and Economic infrastructure Measurements, consulting services) in Malakand Division and Peshawar Valley. "Government of Pakistan appreciates the support of Germany and hopes that these Agreements will mark new beginning towards strengthening ties between our two sides" said Mr. Sibtain Fazal Halim during the signing ceremony. "Germany demonstrates commitment to its ties with Pakistan by signing the Financing Agreements. The projects will help fulfil requisite needs in the most deprived areas of the country," said Dr. Janke during the contracts signing ceremony. The signing is a manifestation that Pakistan and Germany enjoy deep rooted friendly relations. Moreover, the two sides enjoy cordial economic relations which are marked by good-will and mutual interest.

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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Dec 22, 2009
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