- Agreement formalizes the financing of the water infrastructure framework.
- Key wastewater treatment facilities will be built under the project.
- The signing of the declaration underlines the momentum of cooperation between Pakistan and the EU.
Pakistan and the European Investment Bank (EIB) on Wednesday signed a €60 million declaration to advance a major project aimed at improving wastewater management in Karachi.
The statement was signed on the sidelines of the 15th Pakistan-European Union Joint Commission, held in Brussels from December 15 to 17, by Secretary of the Ministry of Economic Affairs Muhammad Humair Karim and Head of Division (Asia Pacific) of the European Investment Bank (EIB) Edvardas Bumsteinas.
The signing ceremony was witnessed by the European Commission’s Deputy Director-General for International Partnerships, Myriam Ferran, Pakistan’s Ambassador to the European Union, Rahim Hayat Qureshi, Head of the EU Delegation in Pakistan, Raimundas Karoblis, and Acting Managing Director of the European External Action Service (EEAS), Paola Pampaloni.
The agreement formalizes EIB financing for the Karachi Water Infrastructure Framework project that will support the rehabilitation and construction of key water treatment facilities in Karachi.
With an EIB financing package of approximately €60 million, this initiative will significantly expand the supply of drinking water and improve water security for Karachi’s rapidly growing population.
The project reflects Pakistan’s commitment to modernize essential urban services and promote climate resilient infrastructure in one of the country’s largest metropolitan areas.
Speaking at the signing, Karim welcomed the EIB’s increased commitment to Pakistan and underlined the importance of deepening cooperation with European partners to address critical development and infrastructure needs.
He expressed appreciation for the EIB’s growing presence in Pakistan and conveyed Pakistan’s interest in expanding the portfolio of EIB-supported projects in priority sectors.
The signing demonstrates the continued momentum of cooperation between Pakistan and the EU and highlights shared priorities on sustainable development, public service delivery and climate and environmental resilience.
