Pakistan, EU Sign pound 20 Million Grant Agreement for Business Initiative

Islamabad: Pakistan and the European Union have signed a pound 20 million grant agreement to launch the “Better Governance and Business Environment” initiative. The agreement was formalized by the EU Ambassador to Pakistan, Dr. Riina Kionka, and the Secretary of the Economic Affairs Division, Dr. Kazim Niaz, in Islamabad today.

According to Radio Pakistan, the initiative aims to enhance the competitiveness of Pakistan’s private sector, with a particular focus on small and medium-sized enterprises (SMEs), including those led by or benefiting women. The programme is designed to strengthen SME-related legislation, support the green transition of export-oriented firms, facilitate targeted green investments, and promote public-private dialogue.

This collaboration between Pakistan and the EU is expected to foster a more conducive business environment, ultimately contributing to sustainable economic growth in the region.