Pakistan and Italy sign 20 million euro concessional loan agreement

Islamabad: A concessional loan agreement worth 20 million euros (approximately Rs. 6.3 billion) was signed between Pakistan and Italy.

According to the Ministry of Economic Affairs, the agreement was signed by Secretary of the Ministry of Economic Affairs, Muhammad Hamir Karim, and the Ambassador of Italy to Pakistan, Marelena Armelin.

The project aims to strengthen Pakistan’s Technical and Vocational Education and Training (TVET) system in the agricultural sector and enhance the capacity of farmers and agricultural extension staff through modern, market-relevant training programs.

During the 42-month program, 720 training courses will be organized, benefiting a total of 18,398 people.

Under the project, 11 standard training curricula will be developed for the agricultural sector, while 12 model gardens and nurseries, 8 climate-resilient, eco-friendly villages, 5 agro-food processing units and 2 national centers of excellence will also be established.

The Ministry of Economic Affairs said that the project will focus on high-value crops, including olives, pistachios, dates, mushrooms, cherries, grapes, arro and almonds, and national centers of excellence will be established for the production of quinoa and malta in Sargodha and date palm in Turbat.

Officials further said that the project will be implemented by the Pakistan Oilseed Department in collaboration with the provincial agriculture department. The program aims to increase agricultural production, promote sustainable agricultural practices, improve the rural economy, increase farmers' income, create new employment opportunities and reduce post-harvest losses.

 

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