The European Union (EU) would provide an additional EUR 100 million to reinforce Pakistan\u2019s resilience in the aftermath of the devastating 2022 floods that severely impacted the nation. According to press statement issued by Economic Affairs Division, EU Ambassador to Pakistan, Ms. Riina Kionka and Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz signed five new EU grant agreements in this regard.<\/p>\n
\u201cThese agreements, under Team Europe\u2019s response to the 2022 post-flood Resilient Recovery, Rehabilitation, and Reconstruction Framework, signify a substantial commitment of nearly EUR 100 million (equivalent to over PKR 30 billion),\u201d the statement added. The new EU support package aims to fortify Pakistan\u2019s resilience in the aftermath of the floods, bringing the total Team Europe response to the 2022 floods to over EUR 930 million. The specific focus areas include revitalising the rural economy in Khyber Pakhtunkhwa and restoring the disrupted livestock value chains in flood-affected Balochistan. Notably, these activities align with the expansive EU Global Gateway initiative, the largest EU investment program designed to propel the global green transition. Moreover, the package extends its impact by fortifying Pakistan\u2019s long-term resilience through targeted investments in human rights, gender equality, and civil society. On the occasion, Dr. Kazim Niaz thanked the EU for their support and further emphasised that there were unmet needs in the flood affected areas that require assistance of development partners. Speaking on the occasion, EU Ambassador, Dr. Riina Kionka said Pakistan was not alone in overcoming its challenging phase of economic crisis and flood recovery. \u201cThe EU and Team Europe partners are committed to building back better, sustainably improving lives in the most affected communities in KP and Balochistan,\u201d she added. The EU\u2019s commitment to Pakistan encompasses a vision of a stable, democratic, and pluralistic country that respects human rights and maximizes its economic potential. The EU annually provides approximately EUR 90 million in grants for development and cooperation, supporting Pakistan\u2019s initiatives to combat poverty, enhance education, promote good governance, human rights, rule of law and ensure sustainable natural resource management. The EU\u2019s cooperation spans across all of Pakistan, with a special focus on Khyber Pakhtunkhwa, Gilgit Baltistan, Balochistan, and Sindh.<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Union (EU) would provide an additional EUR 100 million to reinforce Pakistan\u2019s resilience in the aftermath of the devastating 2022 floods that severely impacted the nation. According to press statement issued by Economic Affairs Division, EU Ambassador to Pakistan, Ms. Riina Kionka and Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz …<\/p>\n","protected":false},"author":4,"featured_media":60123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/60117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=60117"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/60117\/revisions"}],"predecessor-version":[{"id":60126,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/60117\/revisions\/60126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/60123"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=60117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=60117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=60117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}