counter

Monday, October 5, 2009

Forex: U.S. Approves $2.4 Bn Aid Package For Pakistan

RTTNews) - The United States has approved $2.376 billion as aid for Pakistan besides the administration has also tabled an aid Bill of $2.282 billion--that includes both military and humanitarian assistance--in the Congress for the Islamic country for the financial year 2009-10.
Washington had pledged $1.5 billion of annual assistance to Pakistan, a key ally of the U.S. in the war on terror, for five years through the Kerry-Lugar Bill, which is likely to be approved by the American Senate by the month-end.
The U.S. maintains that most of the financial assistance included in the bill would be channeled through government institutions and mechanisms despite Islamabad prodding Washington to fulfill its pledge as soon as possible and reduce the administrative cost on the aid being offered.

No comments:

Post a Comment