HomeEconomic Revitalization of KP and FATA Project (ERKF)

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Grant Amount: US$ 39 million (of which US$ 19 million is the Additional Financing)
Duration: March 28, 2017 - June 30, 2020 (Additional Financing)
Progress towards acheivement of objective:

Satisfactory

Overall Implementation Progress:

Satisfactory

Disbursement Status:

On track

Area:

KP and FATA

Implementing Agencies

Department of Industries, Khyber Pkahtunkhwa (KP).

Federally Administered Tribal Areas (FATA) Secretariat.

Small and Medium Enterprises Development Authority (SMEDA).

 

PCNA Pillar

Strategic Objective 2: Stimulate employment and livelihood opportunities.

Strategic Objective 4: Counter radicalism and foster reconciliation.

Objective

To support the Government of Pakistan in creating sustainable employment opportunities, generating private sector investment, and laying the foundations for the future development of selected economic sectors in KP and FATA.

Beneficiaries

Small and medium enterprises (SMEs).

Disbursement

The project has disbursed US$22 million (of which US$2 million from the Additional Financing).

Achievements

  • Project management offices of KP, FATA and SMEDA operational.
  • An upgraded Management Information System (MIS) for the matching grants component now functional.
  • Applications from SMEs in KP for Matching Grants will be collected between July and October 2017. So far, 150 applications have been received.