Islamabad, Sep 5: The government of Pakistan shared a list of 12 potential projects for co-financing with the European Investment Bank (EIB).
EIB delegation has shown interest in several key projects including those financed by other international financial institutions.
Ministry of Economic Affairs welcomed the EIB Mission to Pakistan for Strategic Discussions on Collaborative Development Initiatives.
Federal Minister for Economic Affairs welcomed a delegation from the European Investment Bank (EIB) led by Edvardas Bumsteinas, Head of Division for Asia & Pacific, alongside key representatives from the EU Delegation in Pakistan.
He emphasized on the strategic importance of this visit for Pakistan and opined that this engagement would help explore various avenues for close collaboration between the EIB and Pakistan.
The Minister highlighted that EIB’s priority areas such as climate action, and high-impact global investments in water, energy and transport sectors align with Pakistan’s development needs. He expressed appreciation for the EIB’s €50 million loan for the Rehabilitation of the Warsak Hydro Power Project, noting its critical role in restoring the plant’s capacity.
The Minister urged on the mission to explore the possibility of extending technical and financial assistance to the National Transmission Dispatch Company (NTDC) and Pakistan Railways.
During a technical session held under the chairmanship of Kazim Niaz, Secretary MoEA, a list of 12 potential projects for co-financing was shared and discussed at length.
The Minister thanked the EU Ambassador and Head of Cooperation for their continuous support and assured the EIB and EU Delegation of the Ministry’s full cooperation in ensuring the efficient utilization of their assistance in Pakistan.
