APP33-28 ISLAMABAD: November 28 - German Ambassador Ina Lepel meeting with Finance Minister Senator Mohammad Ishaq Dar. APP

ISLAMABAD, Nov 29 (APP): German Ambassador, Ina Lepel Sunday briefed Federal Finance Minister, Senetor Muhammad Ishaq Dar on recently concluded bilateral negotiations and expressed satisfaction over outcome of the discussions.
The Ambassador discussed details relating to Germany’s Euro 93.64 million financial and technical assistance pledged for Pakistan for 2015-16. She expressed her country’s continued support for Pakistan in its efforts for economic development.
The Minister on this occasion appreciated Germany’s active
engagement in energy, governance, sustainable development and health
sectors in Pakistan, said a press release.
They also discussed the latest development with regard to the creation
of Pakistan Microfinance Investment Company.
The Ambassador said that KFW was working closely with the PPAF for
finalizing the details of this new initiative.
The Minister welcomed KFW’s interest and support for the new company.
Both sides exchanged views on the Pak-Germany Bilateral Agreement
which was signed in 1972 and required to be updated it in line with the
present day needs.
The Minister thanked Ambassador Lepel for her efforts to further
augmenting Pak-Germany economic cooperation and assured her full
support in these efforts.