The Economic Cooperation Organization (ECO) Trade and Development Bank on Saturday inked an agreement with Pakistan in Istanbul.
It aims to provide a loan of €150 million for flood relief efforts and financial support for the import of fuel.
The agreement was signed in a meeting between Prime Minister Shehbaz Sharif’s delegation and ECO Trade and Development Bank President Yalçın Yüksel-led delegation.
He maintained that overall financial assistance to Pakistan since the inception of the bank would touch approximately one billion dollars, after the disbursement of this committed amount.
The prime minister said that ECO Bank has been an important entity in the overall institutional framework of ECO member countries and its long-standing relations with Pakistan are commendable.
He informed that during his meeting with President Recep Tayyip Erdogan, it was conveyed that more Turkish companies were eager to come to Pakistan.
