Khusro Hails USAs $4.2 Billion Support Under PEPA Since 2010
Umer Jamshaid Published February 18, 2021 | 08:36 PM
Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar on Thursday hailed United State of America's (USA's) $ 4.2 billion support under Pakistan Enhanced Partnership Agreement (PEPA) since 2010
ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Feb, 2021 ) :Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar on Thursday hailed United State of America's (USA's) $ 4.2 billion support under Pakistan Enhanced Partnership Agreement (PEPA) since 2010.
The Minister for Economic Affairs lauded the US Government's humanitarian support to Pakistan for fighting against COVID-19 pandemic, said a press release issued by Economic Affairs Division here.
Mission Director USAID in Islamabad Ms. Julie Koenan, held a virtual meeting with Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar to discuss US-Pakistan bilateral economic cooperation.
The Minister for Economic Affairs extended warm wishes for the new US Administration and expressed hope for working towards strong and fruitful relationship.
He highlighted EHSAAS GoP's flagship social sector program for US financial assistance.
The Mission Director USAID shared that the US side has allocated financial assistance for the program.
The Minister for Economic Affairs reiterated the need for allocation of un-utilized USAID funds for priority areas such as Billion Tsunami Tree Project, Climate Change, Low Cost Housing and development of newly merged districts of Khyber Pakhtunkhwa.
The Minister also reiterated the significance of enhanced partnership and importance of regional connectivity to Central Asia via Afghanistan for greater regional integration.
He also highlighted that the Government of Pakistan is financing important projects like Khyber-Pass Economic Corridor (KPEC) and CASA-1000 for regional connectivity.
He also proposed to mobilize more financial resources for regional connectivity through private sector and USA's Development Finance Corporation.
The Minister emphasized the need for further deepening of bilateral economic ties with a resolve to work closely in designing future interventions.
Mission Director USAID Ms. Julie Koenan, highlighted the Government of Pakistan's recent steps towards efficient utilization of foreign economic assistance and assured continued US support to Pakistan.
The Mission Director USAID also expressed strong commitment for working towards greater collaboration with Pakistan's leadership and people.
Related Topics
Recent Stories
Price Control Magistrates conduct crackdown against price hike
14 stolen bikes recovered, gang leader arrested
GCWU Sialkot VC meets Punjab governor
World Immunization Week kicks off in Mirpurkhas
President for stronger economic, cultural ties with China
Imad Wasim expected to take part in fourth T20I match against New Zealand
Ayubia chairlift closure inflicts heavy losses on traders
N. Macedonia starts elections that could decide stalled EU talks
Illegal occupation of land: Court confirms interim bail of PTI leader
Football: English Premier League result
Four dead as floods wreak havoc in Kenyan capital
PTI backed SIC nominates Hamid Raza for role of PAC chairman
More Stories From Business
-
Jam Kamal leads efforts to enhance IT Capacity for trade monitoring
57 minutes ago -
SECP pushes adoption of IFRS 17 by Insurance sector
1 hour ago -
PSX turns bullish, gains 692 more points
1 hour ago -
RTO Peshawar makes historic seizure of illegal cigarettes worth Rs 162.6 mln
2 hours ago -
LCCI for deferment of SROs hurting businesses
2 hours ago -
Three schemes approved
2 hours ago
-
PCJCCI keen to boost Peach industry in Swat
2 hours ago -
Rupee sheds 02 paisa against dollar
22 minutes ago -
IPO to celebrate World Intellectual Property day on 26th April
2 hours ago -
Iranian president's visit to help ensure mutual prosperity: state minister
3 hours ago -
Soyabean, palm oil imports grew 53.07%, 28.55% in 09 months
3 hours ago -
German forecast to offer signs if ailing economy on the mend
11 minutes ago