ISLAMABAD: The government of Japan has announced today to provide a concessional loan of 2.665 billion yen (approx 24 million USD) to the government of Pakistan for Islamabad and Burhan Transmission Line Reinforcement Project.
The notes to this effect were signed and
exchanged between Ambassador of Japan to Pakistan Takashi Kurai and Additional Secretary for Economic A
ffairs Division Amin Anjum Assad, the government of the Islamic Republic of Pakistan. State Minister for Foreign A
ffairs of Japan Nobuo Kishi and Federal Minister for Water and Power of Pakistan Khaw
aja Asif were also present on the occasion.
In his remarks, Nobuo Kishi expressing high respect to the leadership of Pakistan stated that Khaw
aja Asif has been making serious effort towards the power sector reforms which are of crucial importance as a foundation for the overall development of Pakistan.
He said that so far the government of Japan has been providing assistance to Pakistan in the power sector through the Energy Sector Reform Program and the National Transmission Lines and Grid Stations Strengthening Project. He remarked “I sincerely hope that this loan wi
ll not only contribute to bridging the current gap of supply and demand for electric
ity in Pakistan but will also to the further development of Pakistani economy as a whole.”
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