Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
Pak to receive 174 million dollars as US restores budgetary support | The United States has restored Pakistan's budgetary support, nearly three years after it was suspended. Islamabad is set to receive about 174 million dollars
as a result. Informing the media about Washington's decision to discontinue the
ban on the budgetary support, Economic Affairs Minister Hina Rabbani Khar said
the financial assistance being provided to Islamabad was separate from the monetary
aid being provided under the Kerry Lugar Bill. "Release of 174 million dollars
of budgetary support from United States is already finalised and modalities for
its utilisation are in the process of finalization at this point of time," The
Daily Times quoted Khar, as saying. Khar also said the US would soon be releasing
the Coalition Support Fund arrears, which would see Pakistan receiving an additional
530 million dollars by the end of this month. Referring to Japan's pledge to provide
two billion dollars in aid to Pakistan over the next five years, Khar said: "
Japan has shown its willingness to utilise its pledged money through World Bank's
assisted programme on poverty reduction initiatives and we would encourage other
donors to route their pledges through International Financial Institutions (IFIs)
channel as this would help cut intermediation cost." According to a private television
channel, the aid package is meant for rehabilitation work in areas affected by
the 'war on terror'. Tokyo would also be providing five billion dollars to Afghanistan
as relief and for rehabilitation work. A Japanese embassy statement issued here
said the aid, which would start arriving next year, is funded by the United Nations
Development Fund and many other international relief organisations. |
|
|
|
|
|