PR No. 276 German Envoy calls on Ishaq Dar Islamabad: April 30, 2016

Deputy Head of Mission, Embassy of the Federal Republic of Germany, Mr. Peter Felten called on Finance Minster Senator Mohammad Ishaq Dar here.

The German Deputy Envoy felicitated Minister Dar on the signing of the agreement between Pakistan Poverty Alleviation Fund (PPAF), Karandaaz Pakistan (funded by UK’s Department for International Development) and Germany’s Kreditanstaltfür Wiederaufbau (KfW) Bank for the establishment of Pakistan Microfinance Investment Company (PMIC).

Minister Dar also welcomed the agreement and appreciated the contribution of KfW in the PMIC as one of the shareholders. He also lauded the continued German support for different development projects in Pakistan.

Mr. Peter Felten discussed with the Minister programme of his engagements at the forthcoming Annual Meeting of Asian Development Bank being held in Frankfurt from 2-5 May 2016. The Minister said that he looked forward to his meetings with German leadership, specially the German Minister for Economic Cooperation & Development, Dr. Gerd Muller, during his stay in Frankfurt.

Senior officials of the Ministry of Finance attended the meeting.