Japan approves $18.5m grant for flood management in Pakistan

News Image

MG News | November 13, 2024 at 03:21 PM GMT+05:00

November 13, 2024 (MLN): A signing ceremony for Exchange of Notes and Record of Discussion between the Governments of Japan and Pakistan regarding Japanese grant in aid project titled as, “Flood Management Enhancement in the Indus Basin” was held at the Ministry of Economic Affairs after the approval of Federal Minister Ahad Cheema.

The Government of Japan has approved grant amounting to JPY 2.831 billion ($ 18.5 million) for Grant-in-Aid project titled as “Flood Management Enhancement in the Indus Basin” to the Government of Pakistan through Japan International Cooperation Agency (JICA).

The project aims to improve accuracy of flood forecasts and flood control functions, accumulate basic data that contributes to disaster risk reduction measures, and reducing the risk of loss to human and economy including infrastructure.

The scope of the project is to develop a hydrological and hydraulic observation network besides rehabilitating the river structures damaged by the 2022 flood in Indus River and its tributaries.

The project will also contribute to the capacity building of flood management institutions, thereby contributing to future flood risk reduction.

The Notes of the project signed and exchanged by Dr. Kazim Niaz, Secretary, Ministry of Economic Affairs and WADA Mitsuhiro, Ambassador of Japan to Pakistan on behalf of their respective governments.

Kazim Niaz appreciated the Government and people of Japan for their valuable support with the assurance of extending all necessary facilitation for more meaningful cooperation between the two sides.

WADA Mitsuhiro, Ambassador Extraordinary and Plenipotentiary of Japan to Pakistan assured the commitment of his Government to work closely with the Government of Pakistan to further strengthen the friendly ties and bilateral cooperation.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,511.86
278.75M
0.98%
1646.82
ALLSHR 103,203.80
682.99M
0.89%
908.76
KSE30 50,839.23
100.13M
1.18%
592.12
KMI30 243,245.60
147.66M
1.61%
3852.07
KMIALLSHR 66,892.15
407.33M
1.15%
757.54
BKTi 47,509.55
28.38M
0.77%
361.93
OGTi 34,789.19
8.38M
1.60%
547.02
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,215.00 77,640.00
77,215.00
-215.00
-0.28%
BRENT CRUDE 104.32 109.97
103.50
-3.31
-3.08%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
1.70
1.33%
ROTTERDAM COAL MONTHLY 140.00 0.00
0.00
-0.75
-0.53%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 99.99 104.46
98.48
-2.49
-2.43%
SUGAR #11 WORLD 18.15 18.84
17.93
-0.58
-3.10%

Chart of the Day


Latest News
September 12, 2026 at 10:15 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


September 12, 2026 at 09:35 AM GMT+05:00

Weekly Market Roundup


September 12, 2026 at 03:27 AM GMT+05:00

Foreign currency deposits rise by $69m in August 2026


September 11, 2026 at 11:33 PM GMT+05:00

Diesel up Rs5.28, petrol Rs5.02 from September 12


September 11, 2026 at 08:50 PM GMT+05:00

Refiners get 45 days to save their tariff cushion



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg