• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Thursday, March 26, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Pakistan, EIB sign €60 million declaration for Karachi sewage project

December 18, 2025
in Pakistan
Pakistan, EIB sign €60 million declaration for Karachi sewage project
Share on FacebookShare on TwitterWhatsapp

The federal government and the European Investment Bank (EIB) on Wednesday signed a €60 million declaration to advance a major sewage and wastewater management project in Karachi.

The declaration was signed on the sidelines of the 15th Pakistan-European Union (EU) Joint Commission in Brussels by Economic Affairs Secretary Muhammad Humair Karim and Head of the EIB’s Asia Pacific Division Edvardas Bumsteinas.

The signing ceremony was witnessed by Myriam Ferran, Deputy Director-General of the European Commission’s Directorate General of International Partnerships (INTPA); Pakistani Ambassador to the EU Rahim Hayat Qureshi; EU Ambassador to Pakistan Raimundas Karoblis; and Acting Managing Director of the European External Action Service (EEAS) Paola Pampaloni.

The agreement formalises EIB financing for the Karachi Water Infrastructure Framework project that will support the rehabilitation and construction of key water treatment facilities in Karachi.

With an EIB financing package of approximately €60m, this initiative is set to significantly expand safe water supply and improve water security for the metropolis’s rapidly growing population.

The project reflects Pakistan’s commitment to modernising essential urban services and promoting climate-resilient infrastructure in one of the country’s largest metropolitan areas.

Speaking at the signing, Secretary Karim welcomed the EIB’s increased engagement in Pakistan and underscored the importance of deepening cooperation with European partners to address critical development and infrastructure needs.

He also conveyed Pakistan’s interest in expanding the pipeline of EIB-supported projects in priority sectors.

Last Thursday, the Sindh government affirmed that it would mobilise all available resources to carry out urgent lining of the Kalri Baghar (KB) Feeder — the main conduit supplying water to Karachi — to protect the city’s allocated water quota.

According to a statement issued by the Chief Minister’s Office, the meeting was informed that this timing was crucial because it would allow the urgent lining of the KB Feeder to be finished on schedule.

The Rs50.989 billion project, funded by federal and provincial governments, is expected to save 510 cusecs of water by preventing seepage.

Tags: declarationEIBKarachiMillionPakistanProjectsewagesign
Share15Tweet10Send
Previous Post

India’s trade impasse with Trump keeps rupee in the cold

Next Post

KSE-100 closes day marginally lower after volatile trading

Related Posts

PM Shehbaz highlights Pakistan’s role in Middle East de-escalation in meeting with Chinese envoy
Pakistan

PM Shehbaz highlights Pakistan’s role in Middle East de-escalation in meeting with Chinese envoy

March 26, 2026
Woman shot dead inside her house in Lakki Marwat
Pakistan

Woman shot dead inside her house in Lakki Marwat

March 26, 2026
Heritage sites at risk of landing on Unesco ‘danger list’
Pakistan

Heritage sites at risk of landing on Unesco ‘danger list’

March 26, 2026
Crowd Craze! Lahore Zoo Generates Record Revenue of Rs1. 4 Billion in 3 Days
Pakistan

Crowd Craze! Lahore Zoo Generates Record Revenue of Rs1. 4 Billion in 3 Days

March 26, 2026
Petroleum dealers postpone strike in light of Middle East conflict
Pakistan

Petroleum dealers postpone strike in light of Middle East conflict

March 26, 2026
PM Shehbaz Praises Pakistan Shaheens on Winning Rising Stars Asia Cup
Pakistan

Govt to Provide Subsidized Fuel for Motorcycle & Rickshaws Under Quota System, Sources

March 25, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    49 shares
    Share 20 Tweet 12
  • Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

    49 shares
    Share 20 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.