Pakistan, March 14 -- Pakistan and Germany have signed a grant agreement worth 18 million to promote hydropower and renewable energy projects in the country's northern areas, aiming to support sustainable development and improve access to clean electricity.

The agreement was signed by Muhammad Humair Karim, Secretary of the Economic Affairs Division of Pakistan, and Sebastian Jacobi, Country Director of the KfW Development Bank, representing the Germany government.

Read More: German bank backs Pakistan's renewable energy push

Under the agreement, KfW will provide grant assistance to the Government of Pakistan to support the development of clean and renewable electricity by utilising the region's abundant water resources. The initiative...