Korea signs Subsidiary Arrangement with Pakistan for four grant-aid projects

Islamabad: The Ambassador of the Republic of Korea to Pakistan Dr. Song Jong-hwan and Secretary Economic Affairs Division Ms. Nargis Sethi, signed a subsidiary arrangement on behalf of their respective Governments in a ceremony held at Economic Affairs Division here Friday.

The arrangement is part of a Framework Agreement on grant-aid signed in December 2012 to provide the Korean assistance in order to promote sustainable economic and social development resulting poverty reduction in Pakistan.

The purpose of this Arrangement is to set forth the Korean contribution in the following grant aid projects to be implemented by Korea International Cooperation Agency (KOICA) in the year 2013 in Pakistan.

Provision of Water Supply Systems in the Villages affected by effluence sugar mills in Tehsil Phalia, District Mandi Bahauddin with cost of around US$ 4 million.

Establishment of the Waste water Treatment Facility in Tehsil Pattoki, District Kasur worth US$ 4 million.

Establishment of the Capacity Building Center for Agriculture and Livestock Technology at Arid Agriculture University, Rawalpindi with cost of US$ 3.5 million and,

Establishment of the Technical Textile Center at National Textile University, Faisalabad with cost of US$ 6.5 million.

On completion, first two projects will help government of Pakistan in its efforts to provide safe drinking water supply, adequate sanitation facilities to the selected rural community, said a statement of the Korean Embassy here.

While, the last two projects will contribute to enhance the capacity of the country in terms of agriculture and livestock technologies as well as sustainable delivery of the productive and efficient skilled workforce in main stream textile industry of the country.

It is also pertinent to mention here, Korea considers Pakistan a priority partner country and under Korean Official Development Assistance (ODA) umbrella various socio-economic development projects including power distribution and transmission, children health institute, road tunnel, Garment technology training institute, etc initiatives worth about US$ 230 million are underway vary aggressively, particularly since 2009.

Furthermore, to enlarge and make the ODA more focus, Korea has initiated Country Partnership Strategy (CPS) for 2013-2015 based on three main pillars a) strengthening the base of economic growth through the improvement of transportation and energy infrastructure, b) developing human resources for technical and innovative and industrial competitiveness and c) enhancing the health care system and improving water and sanitation.

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