TOKYO - Japan has given indication to provide $ 440 million to Pakistan under recently resumed Official Development Assistance (ODA) during the current financial.“Both the countries signed two agreements worth $ 157m under which Tokyo will provide $36m for up-gradation of National Power Control Centre and $ 121m for rehabilitation of lower Chenab Canal,” Prime Minister Shaukat Aziz said while briefing media here on Wednesday. Foreign Secretary Riaz Muhammad Khan and Pakistan’s Ambassador Kamran Niaz were also present on the occasion.
Japan, the premier said has given us indication to provide total assistance worth $ 440 million in its current fiscal.
Pakistan and Japan on Wednesday also signed Memorandum of Understanding (MoU) for these projects worth $ 136 m. “Other two projects are in pipeline and Japan has given us indication to provide $ 440 m during the current fiscal,” he added. Japan’s fiscal year ends in March.
The premier also held meetings with Japanese Prime Minister Junichiro Koizumi, leader of opposition, head of communist party and other business tycoons. “The meeting with Japanese premier was the best one in my carrier,” he added.
Shaukat Aziz said Pakistan has sought market access for increasing exports in leather and textile. Pakistan also asked Japan to initiate PTA talks for increasing trade.
Although it is an aid but still $440 Million are coming for free almost so no harm in that.
MUSHRAFF knows how to play the game......
Full Version: Japan To Help Pakistan
Most Aid that comes to Pakistan, comes from Japan!! Japan has been helping Pakistan for many years now. Only now does Pakistan get US aid, but before this I think Japan was the biggest contributor towards Pakistan.
This is why I feel so sad that Japan tries to help us and we screw them over by helping NK with its nuke program
This is why I feel so sad that Japan tries to help us and we screw them over by helping NK with its nuke program
http://www.dailytimes.com.pk/default.asp?p...11-8-2005_pg1_6
Pakistan, Japan sign deals on water, power and tourism
* Japan to give $440m in soft-term loans
* Aziz says Pakistan can’t match India’s defence
* Asks UK to ‘look within’ for radicals
By Khalid Mustafa
TOKYO: Pakistan and Japan have signed three agreements whereby the latter will give financial assistance for infrastructure projects and tourism promotion in Pakistan.
Two agreements on water and power were signed by Hina Rabbani Khar, minister of state for economic affairs, and the chief of Japan Bank for International Cooperation.
Under the two agreements, Japan will give Pakistan two soft-term loans worth $157 million for two projects - $36 million to upgrade the National Power Control Cell and $121 million for the rehabilitation of Chenab Canal in Punjab, Prime Minister Shaukat Aziz told a press conference after talks with his Japanese counterpart Junichiro Koizumi.
The loans will have to be repaid over 30 years at an interest rate of 1.3 percent, with a grace period of 10 years.
Aziz said Japan would give Pakistan a total of $ 440 million in soft-term loans this fiscal year under the newly resumed Official Development Assistance, including the $157 million for the water and power projects. He said there were two more projects in the pipeline for which Japan would give the remaining loans under the ODA.
NNI reported that Pakistan and Japan also signed an agreement under which Japanese company Club International Tourism would help Pakistan promote tourism. Pakistan would provide literature for tourism promotion while the company would launch a campaign to attract Japanese tourists to Pakistan.
Aziz said that Japanese companies had shown an interest in establishing a major oil refinery in Pakistan and in establishing a terminal at Karachi for the import of LNG from Qatar.
About his meeting with Koizumi, Aziz said they focused on Pakistan’s economic reforms, economic ties, Pakistan-India relations, particularly regarding Kashmir, and the war against terrorism. In a breakfast meeting with reporters, Aziz said Pakistan had no intention to match India’s defence capabilities, but would maintain a minimum deterrence so it cannot be bullied.
The prime minister pointed out that the annual increase in India’s military spending was more than Pakistan’s total defence budget.
He said Pakistan would expand its share of nuclear electric power from one percent to 8 percent by 2030.
The prime minister said Britain should “look within” for the roots of extremism, as there was no evidence that the terrorist attacks in London were linked to anybody in Pakistan.
Pakistan, Japan sign deals on water, power and tourism
* Japan to give $440m in soft-term loans
* Aziz says Pakistan can’t match India’s defence
* Asks UK to ‘look within’ for radicals
By Khalid Mustafa
TOKYO: Pakistan and Japan have signed three agreements whereby the latter will give financial assistance for infrastructure projects and tourism promotion in Pakistan.
Two agreements on water and power were signed by Hina Rabbani Khar, minister of state for economic affairs, and the chief of Japan Bank for International Cooperation.
Under the two agreements, Japan will give Pakistan two soft-term loans worth $157 million for two projects - $36 million to upgrade the National Power Control Cell and $121 million for the rehabilitation of Chenab Canal in Punjab, Prime Minister Shaukat Aziz told a press conference after talks with his Japanese counterpart Junichiro Koizumi.
The loans will have to be repaid over 30 years at an interest rate of 1.3 percent, with a grace period of 10 years.
Aziz said Japan would give Pakistan a total of $ 440 million in soft-term loans this fiscal year under the newly resumed Official Development Assistance, including the $157 million for the water and power projects. He said there were two more projects in the pipeline for which Japan would give the remaining loans under the ODA.
NNI reported that Pakistan and Japan also signed an agreement under which Japanese company Club International Tourism would help Pakistan promote tourism. Pakistan would provide literature for tourism promotion while the company would launch a campaign to attract Japanese tourists to Pakistan.
Aziz said that Japanese companies had shown an interest in establishing a major oil refinery in Pakistan and in establishing a terminal at Karachi for the import of LNG from Qatar.
About his meeting with Koizumi, Aziz said they focused on Pakistan’s economic reforms, economic ties, Pakistan-India relations, particularly regarding Kashmir, and the war against terrorism. In a breakfast meeting with reporters, Aziz said Pakistan had no intention to match India’s defence capabilities, but would maintain a minimum deterrence so it cannot be bullied.
The prime minister pointed out that the annual increase in India’s military spending was more than Pakistan’s total defence budget.
He said Pakistan would expand its share of nuclear electric power from one percent to 8 percent by 2030.
The prime minister said Britain should “look within” for the roots of extremism, as there was no evidence that the terrorist attacks in London were linked to anybody in Pakistan.
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