USAID, Finance Ministry renew ongoing partnership for development in Pakistan

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USAID, Finance Ministry renew ongoing partnership for development in Pakistan

ISLAMABAD, Oct 4 (APP): The United States Agency for International Development (USAID) and the Ministry of Finance have signed the latest amendment to the Pakistan Enhanced Partnership Agreement (PEPA), the document through which the U.S. government provides development assistance to Pakistan.

This agreement, singed on September 16, provides an additional $407 million to support U.S. and Pakistan government initiatives to improve critical infrastructure, create economic opportunities, and pursue economic and political reforms that promote prosperity, said a press release issued here on Tuesday.

The USAID programs to be supported through this agreement were developed in consultation with the Pakistani government and support the Government of Pakistan’s Vision 2025, which sets forth a roadmap for a prosperous Pakistan.

Over the past decade, the United States, through USAID, has provided Pakistan with nearly $7.7 billion of funding for development and humanitarian relief, making Pakistan one of America’s largest recipients of foreign assistance.