Overview
- Three grant agreements worth €65 million were signed on Monday to operationalise EU support under its Multiannual Indicative Programme 2021–2027 and the Global Gateway initiative.
- The package establishes three linked programmes focused on investment facilitation and fiscal enabling, energy and natural environment resilience in Khyber Pakhtunkhwa, and rule‑of‑law and business environment support across provinces.
- The Global Gateway development facilitation project will target tax system reform and stronger long‑term fiscal planning to attract more foreign and European investment to Pakistan.
- The Khyber Pakhtunkhwa energy programme will expand renewable power in off‑grid rural communities, provide training to local actors, and seek to mobilise private‑sector investment in the province’s energy sector.
- The agreements were signed by Economic Affairs Secretary Muhammad Humair Karim and an EU ambassador, with reporting differing on whether Raimundas Karoblis or Riina Kionka signed, and implementation and detailed roll‑out plans are the next steps.