ISLAMABAD, Feb 13 (APP): The government of Japan has extended an amount of Japanese Yen 2.5 billion or approximately US $ 27 million, as Non Project Grant Aid to Pakistan for support and contribution to the promotion of the economic structural adjustment efforts by the government as well as mitigation of Pakistan’s economic difficulties including indebtedness and balance of payments.
The official Exchange of Notes (E/N) to this effect were signed by Ambassador of Japan to Pakistan, Chihiro Atsumi on behalf of his country and Farrukh Qayyum, Secretary Economic Affairs Division (EAD) signed the agreement on behalf of the Government of Pakistan.
According to the agreement the grant shall be used by the government of Pakistan for the purchase of products from eligible source countries to be mutually agreed upon between the authorities of the governments and services incidental to such products.
It was agreed that the government of Pakistan and Japan shall consult each other about the details of the utilization of the funds.
For more on this article, please click on the following link: Japan extends US $ 27 million to Pakistan for promotion of economic structural adjustment : APP
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