Might 29, 2025 (MLN): France and Pakistan reviewed progress on key improvement initiatives and mentioned acceleration of a number of pipeline initiatives, together with the €120 million Babu Sabu Wastewater Remedy Undertaking in Lahore.

The discussions happened throughout a gathering between French Ambassador Nicolas Galey and Federal Minister for Financial Affairs Ahad Cheema.

The assembly centered on enhancing bilateral financial cooperation, with a selected emphasis on initiatives associated to local weather resilience, city sanitation, and rural improvement.

Vincent Thevenot, Nation Director of the French Growth Company (AFD), additionally participated within the discussions, in line with the press launch issued at present.

Minister Cheema expressed appreciation for France’s continued help by means of AFD, highlighting the implementation of 14 ongoing initiatives and the preparation of seven further initiatives.

He emphasised the importance of pipeline initiatives such because the Rural Growth and Local weather Resilience initiative for Gilgit-Baltistan (GB) and Khyber Pakhtunkhwa (KP), and the City Wastewater Governance Undertaking for main cities in Punjab.

The agricultural improvement initiative for GB, he famous, contains the development of 216 consuming water schemes and 70 piped sewerage techniques, the set up of micro-hydropower models producing as much as 1,200–1,300 kilowatts, retrofitting of three,000 properties, and energy-efficient building of 700 new properties.

The minister additionally appreciated AFD’s grant help for water and sanitation initiatives in Lahore and Faisalabad, hoping for his or her early finalization.

He particularly known as the proposed €120 million Babu Sabu Wastewater Remedy Undertaking “an important step” towards bettering city sanitation.

Ambassador Galey assured Pakistan of France’s full help for ongoing and upcoming initiatives and reaffirmed his nation’s dedication to selling inclusive improvement, local weather resilience, and sustainable infrastructure.

He additionally reiterated France’s help for Pakistan’s GSP+ standing, which Minister Cheema famous is essential for reinforcing exports to the European Union.

Each side concluded the assembly with a reaffirmation of their shared dedication to deepening bilateral financial cooperation and advancing widespread targets in improvement and sustainability.

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Posted on: 2025-05-29T16:33:18+05:00

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