An agreement to this effect was signed in Islamabad today, reported the Radio Pakistan.
Speaking on the occasion, the EU representative said the union will continue to provide developmental assistance to Pakistan.
In another agreement, Germany committed to provide six million euros to Pakistan to meet the challenge posed by climate change.
Recently, Foreign Office had said that Britain’s shock vote to leave the European Union (EU) would not send Pakistan’s economy into a tailspin, however, urged exporters to improve their competitive edge.
The Adviser to Prime Minister on Foreign Affairs, Sartaj Aziz had chaired a high-level meeting in the wake of UK’s decision to leave the European Union.
The meeting discussed ways to ensure concessions under GSP Plus would continue either under the post-Brexit settlements between Britain and the EU or through bilateral arrangements with the United Kingdom.