US completes funds transfer to Pakistan


Express May 04, 2010

ISLAMABAD: The US has completed transfer of over $600 million to Pakistan from the Coalition Support Fund (CSF).

A press statement issued by the US Embassy says the monetary support will help in achieving the mutually shared goals of peace and stability in Pakistan and in the region.

The Coalition Support Fund was set up by the United States in 2001 to support 27 nations, including Pakistan, for some of their costs in the fight against terror. The last payment was delivered to Pakistan in January.

More CSF claims are being processed and may result in additional payments.

COMMENTS (3)

Meekal Ahmed | 11 years ago | Reply As far as I know, this is re-imbursements for expenses already incurred. It should help the budget and reduce correspondingly bank and non-bank borrowing. There was an article in the Washington Post some time ago which talked about the lack of audit and scrutiny of these "expenses". The delays now being experienced in re-imbursement could be partly tactical or simply that the expenses are being subject to closer examination.
Murtaza Ali Jafri | 11 years ago | Reply Great, now the government can get rid of those pesky austerity measures they were thinking about. What is the money being used for? They all sound like big numbers but how much greater is the cost that Pakistan is bearing in terms of destroyed infrastructure, increasing trust deficit and reduced economic activity? We're not being paid, we're being paid off....at the rate of a few cent's on the Dollar I'll wager.
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