Japan extend grant aid worth 300 million yen (approximately US $ 3.7 million) to support Pakistan
PRESS RELEASE N0: JPNEMPAK 12-10
Islamabad: 7th March, 2012
The Government of Japan has decided to extend Non-Project Grant Aid (NPGA) of 300 million Yen (approx. US$ 3.7 million) to the Government of Pakistan.
The official Notes for the NPGA were duly signed and exchanged on 7 March, 2012 at the Ministry of Economic Affairs and Statistics between H.E. Mr. Hiroshi Oe, Ambassador of Japan to Pakistan and Dr. Waqar Masood Khan, Secretary, Ministry of Economic Affairs and Statistics.
This NPGA will be utilized to import the industrial goods manufactured by corporations of disaster affected area in North East Japan, especially the hardest-hit Tohoku region. Through this grant, medical and vocational training equipment will be provided to the Pakistan Institute of Medical Science (PIMS) and the Construction Technology Training Institute (CTTI).
In the signing ceremony, Mr. Hiroshi Oe, Ambassador of Japan to Pakistan stated that PIMS and CTTI have been playing important roles in the socio-economic development of Pakistan for decades and he expressed his appreciation for PIMS and CTTI officials for their past efforts in making effective use of Japan’s official development assistance (ODA).
Further, he mentioned that this Non-Project Grant Aid is valuable for both countries. This will surely contribute towards the improvement of medical services and human resource development of Pakistan. In addition, the restored local economy of North East Japan, which was heavily affected by the unprecedented Earthquake and tsunami last year, is helping this Grant Aid. Mr. Oe considered this assistance as a sign of a powerful rise in Japanese people and its economy.
He expressed his hope that this project will contribute to strengthen the existing friendly relation between the people of Japan and Pakistan.(End)