Germany to Deliver €7.5Mn to Enhance Pakistan’s Textile Industry
In accordance with the Memorandum of Understanding (MoU) previously signed by the Economic Affairs Division (EAD) on behalf of the Islamic Republic of Pakistan and the Federal Republic of Germany, the Ministry of Commerce and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Germany, on December 23, 2020, an Implementation Agreement was signed.
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The Federal Republic of Germany would provide up to 7.50 million euros to GIZ throughout the course of the program’s three years.
Mr. Razzaq Dawood, the Prime Minister’s advisor on trade and investment, Dr. Sohail Rajpoot, the Ministry of Commerce’s special secretary, and Ms. Romina Kochius, the GIZ’s principle advisor, all attended the signing ceremony.
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The technical cooperation on this project intends to promote value-addition and competitiveness and foster innovation by synergizing the environmental, social, and economic components of sustainability in the textiles and clothing industry.
In a meeting with Ms. Romina Kochius, Principal Advisor GIZ, Mr. Razzaq Dawood, the Prime Minister’s Advisor, expressed his gratitude to both parties for their valuable support of Pakistan’s textile and apparel industry in terms of technical cooperation to raise working conditions, compliance standards, and resource efficiency. Both parties wrote thank-you notes as the ceremony came to a close.
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