China will provide a US$14 million grant to Pakistan for the reconstruction and rehabilitation of fully damaged government schools in Bara, Khyber Agency.
An agreement in this regard was signed between the two countries at Economic Affairs Division on Thursday, says a statement issued by the ministry of finance.
The main objective of the project is to reconstruct 68 damaged schools in Bara, Khyber with Chinese assistance and to ensure improved educational infrastructure to restore enrollment of students in a post-terrorism-crisis situation.
Ambassador of China in Pakistan, Yao Jing, and Secretary EAD, Ghazanfar Abbas Jilani, were also present on the occasion.
Ya Jing lauded Pakistan’s efforts aimed at economic growth initiatives and also pledged future support for the government of Pakistan on every forum.
Secretary EAD informed of endeavors undertaken by the government to tackle the challenges at the forefront of the economy and highly appreciated Chinese assistance in developing the economy of Pakistan and further appreciated the continued commitment in China Pakistan Economic Corridor (CPEC) projects under Belt and Road Initiatives.
Both sides discussed a number of issues, especially focusing on energy, infrastructure, commerce, investment, agriculture, tourism, health, industries and production and other matters of mutual interest.
The meeting was characterized by a spirit of friendly cooperation and a desire to make rapid advances in socio-economic development.