Chinese Government provides $1.3 million grant for Cutlery and Small Tools Industry Centre Upgrading Project in Wazirabad (Linked to Record ID#35837)

In 2006, the Chinese Government provides a $1.3 million (11 million RMB according to the Pakistan Ministry of Economic Affairs' Status Report 2008-09) grant to the Government of Pakistan for the upgrading of machinery at the Cutlery and Small Tools Industry Centre in Wazirabad.

The agreement was signed by Mohsin Syed, the Chairman of Tevta, and Zhou Zhencheng, the Economic & Commercial Counsellor of China.

First Secretary of Chinese Embassy in Pakistan Yan Jianming, Zonal Manager (North) Group Captain Muhammad Rashid (Retd), Manager Service Centres Akhtar Abbas Bharwana and Manager Public Relations Mustafa Kamal Pasha were also present.

The respective parties also came to an agreement for the financing of a Light Engineering Service Center (see Record ID#35837). Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.