ISLAMABAD:
As per an agreement signed between Chinese ambassador and secretary economic affairs division of Pakistan, China will be providing Pakistan $10 million, a special grant, according to sources.
“Sun Weidong, the ambassador of China to Pakistan, together with Muhammad Saleem Sethi, Secretary of Economic Affairs Division of Pakistan, signed an agreement between the government of the People’s Republic of China and the government of the Islamic Republic of Pakistan on the special grant,” a press release issued by the Chinese embassy said.
“China firmly supports the efforts of Pakistan to safeguard its national security and the Chinese side will continue to provide assistance within its capacity for the reconstruction and livelihood improvements of the Federally Administered Tribal Areas (Fata),” it reportedly said.
Further, the grant will be provided in cash to enable Pakistan to ensure rehabilitation of Fata residents based on the mutual understanding between both the countries and to help improve people’s wellbeing, maintain stability and promote social development, sources added.