Foreign assistance: Pakistan expects Rs414b in aid this year
The amount is 42.7% higher than what the country received last year.
ISLAMABAD:
Pakistan expects to receive Rs414 billion in the coming fiscal year, which is Rs124 billion or 42.7% more than what it received in the outgoing year.
As commodity or non-food aid, the government estimates to get Rs127 billion, which is a significant increase over Rs87.9 billion received last year. Other total aid is expected at Rs88 billion, which is Rs2 billion more than the outgoing fiscal year.
Under the Kerry-Lugar aid package, Pakistan will receive Rs34.1 billion, which is Rs18 billion less than the last fiscal year.
The federal government does not plan to borrow money from the International Monetary Fund this year. On account of Tokyo pledges, the government expects to receive Rs17.6 billion, compared to last year’s Rs81.9 billion.
The federal government is expected to receive Rs19 billion loans and grants on account of federal departments’ foreign assistance, which is around Rs14 billion less than last year’s amount.
On account of foreign aid for provinces, the government will receive Rs38.3 billion, which is around Rs7.2 billion more than the actual amount during last year’s budget.
Of this year’s estimated amount, Punjab will receive Rs20.5 billion and Sindh Rs9.4 billion. Khyber-Pakhtunkhwa will get Rs6.1 billion, which is around Rs2 billion less than the previous year’s, and Balochistan will get Rs2.1 billion, which is less than around Rs1.8 billion it received last year.
For autonomous bodies, Pakistan is likely to receive Rs19.6 billion in the form of loans and grants, which is Rs6.3 billion more than last fiscal year’s budget.
The Water and Power Development Authority will receive Rs7.2 billon more than the last fiscal year when it got Rs6.1 billion. The National Highway Authority will receive Rs6.2 billion during the new fiscal year, which is a drop from last year’s Rs7.3 billion.
Published in The Express Tribune, June 4th, 2011.
Pakistan expects to receive Rs414 billion in the coming fiscal year, which is Rs124 billion or 42.7% more than what it received in the outgoing year.
As commodity or non-food aid, the government estimates to get Rs127 billion, which is a significant increase over Rs87.9 billion received last year. Other total aid is expected at Rs88 billion, which is Rs2 billion more than the outgoing fiscal year.
Under the Kerry-Lugar aid package, Pakistan will receive Rs34.1 billion, which is Rs18 billion less than the last fiscal year.
The federal government does not plan to borrow money from the International Monetary Fund this year. On account of Tokyo pledges, the government expects to receive Rs17.6 billion, compared to last year’s Rs81.9 billion.
The federal government is expected to receive Rs19 billion loans and grants on account of federal departments’ foreign assistance, which is around Rs14 billion less than last year’s amount.
On account of foreign aid for provinces, the government will receive Rs38.3 billion, which is around Rs7.2 billion more than the actual amount during last year’s budget.
Of this year’s estimated amount, Punjab will receive Rs20.5 billion and Sindh Rs9.4 billion. Khyber-Pakhtunkhwa will get Rs6.1 billion, which is around Rs2 billion less than the previous year’s, and Balochistan will get Rs2.1 billion, which is less than around Rs1.8 billion it received last year.
For autonomous bodies, Pakistan is likely to receive Rs19.6 billion in the form of loans and grants, which is Rs6.3 billion more than last fiscal year’s budget.
The Water and Power Development Authority will receive Rs7.2 billon more than the last fiscal year when it got Rs6.1 billion. The National Highway Authority will receive Rs6.2 billion during the new fiscal year, which is a drop from last year’s Rs7.3 billion.
Published in The Express Tribune, June 4th, 2011.