Pakistan, July 11 -- The Government of Pakistan and the European Union (EU) on Thursday signed a €20 million grant agreement to launch the "Better Governance and Business Environment" initiative, reaffirming their shared commitment to sustainable and inclusive economic development.
The agreement was signed by EU Ambassador to Pakistan Dr Riina Kionka and Secretary Economic Affairs Division Dr Kazim Niaz, said a press release.
Funded under the EU's Multiannual Indicative Programme 2021-2027, the initiative aims to enhance the competitiveness of Pakistan's private sector, particularly small and medium-sized enterprises (SMEs), including those led by or benefiting women.
The programme will strengthen SME-related legislation, support t...