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Pak to receive $800 m aid promised under K-L Bill by March 2010 |
Pakistan will receive over 800-million-dollars
as aid under the Kerry-Lugar Bill by March next year, as the first tranche from
disbursements is likely to arrive in December, the country’s Finance Secretary
Salman Siddique has said. The Daily Times quoted Siddique as saying that the disbursements
would be used to alleviate poverty and reduce some of the budgetary burdens on
the economy. The inflow of disbursements will be utilised for small and medium-size
schemes which have already been approved, he added. “We are persuading the US
administration to allocate maximum funds through official channels instead of
NGOs,” he added. Speaking about the defence budget, Siddique said that the military
budget would not be increased despite the military offensive in South Waziristan
. He added that 2.5 billion rupees were recently given to the NWFP government
for the Internally Displaced Persons living in transactional camps. “The government
has also released 11.5 billion rupees for the IDPs of Malakand during the current
fiscal year,” he said, adding that 50 billion rupees had been allocated for the
welfare of IDPs in the federal budget 2009-10. Regarding budgetary performance
during the first quarter, Siddique said the fiscal deficit would be 1.5 per cent
of GDP against the IMF’s targeted 1.2 per cent. |
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