Dar urges US for early payment of Coalition Support Fund dues

Published: December 5, 2013
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Finance Minister Ishaq Dar. PHOTO: ZAFAR ASLAM/EXPRESS

Finance Minister Ishaq Dar. PHOTO: ZAFAR ASLAM/EXPRESS

With the government’s finances in a bind, the federal finance minister Ishaq Dar urged the United States on Thursday to make early reimbursements of dues in lieu of Coalition Support Fund, Radio Pakistan reported on Thursday.

Talking to American Ambassador Richard Olson in Islamabad today‚ he said this would help Pakistan improve its present foreign exchange reserves position, which dipped dangerously low on Thursday.

The US Ambassador assured Dar that he would convey Pakistan’s position to the government of United States.

He reiterated that United States has a strong idea of the energy crisis in Pakistan and is willing to support Pakistan in overcoming the crisis.

During the meeting they also exchanged views on the 1320 MW Jamshoro Coal Power Plant.

Earlier, Dar had said he hoped the country’s economy would become 11th biggest economy of the world as the government was taking effective measures to align it.

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Reader Comments (13)

  • Dec 5, 2013 - 7:11PM

    Who said that we will break the begging bowl? I can’t seem to remember. At least this guy Dar didn’t say it, I suppose !!

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  • unbelievable
    Dec 5, 2013 - 7:12PM

    You stood back and did nothing when Khan interrupted NATO supply lines and now you have the gall to ask for your hand our early. And yeah – Coalition Support Fund is nothing but aid called something else – you haven’t had a substantive military campaign since 09.

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  • Roger
    Dec 5, 2013 - 7:21PM

    “Earlier, Dar had said he hoped the country’s economy would become 11th biggest economy of the world as the government was taking effective measures to align it.” Not just on borrowed funds, but funds begged for for early disbursement. Yup, that is a World Power with a the “fifth largest” Army that has lost all its wars, but has these nuclear “bums”.

    So that is what a Pakistani Finance Minister does. No wonder he has heart trouble.

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  • James Bond
    Dec 5, 2013 - 8:10PM

    Two days ago PTI blocked the NATO supply route because drones are against over sovereignty, and now our finance minister is begging US for early payment Coalition Support Fund? What a Sovereign nation we are.

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  • abd
    Dec 5, 2013 - 9:09PM

    @unbelievable:
    “You stood back and did nothing when Khan interrupted NATO supply lines and now you have the gall to ask for your hand our early.”

    Exactly. Pay up or we let this boil over. What did you think we were letting you kill our people for free?

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  • Hasan
    Dec 5, 2013 - 9:25PM

    we beggars on full horsepower to what we do best internationally, BEG !

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  • Pakistan
    Dec 5, 2013 - 9:27PM

    @Sandip:
    If u r Indian, kindly tell me why India got £800 million frm England in 2010 fr its space prgm, and now u claim ur Mars program costs only 450 crores Indian rupees?
    I m not a supporter of Dar, but plz stick to ur own newspapers fr general knowledge lessons….

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  • shah
    Dec 5, 2013 - 10:00PM

    This is proof that Pakistan lives on US aid, IMF loans and worker remittances yet if you watch Pakistani talk shows you will see lots of false bravado by politicians.Recommend

  • Dhaka
    Dec 5, 2013 - 11:59PM

    Time is not far that there minister will also beg from us.

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  • Mustafa
    Dec 6, 2013 - 12:10AM

    Time for some real strategy rather than harping on old tunes!

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  • Manu
    Dec 6, 2013 - 12:16AM

    Where is there all weather friend ! Ohh they will help only when there interest is fullfilled.

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  • Punjabi
    Dec 6, 2013 - 12:23AM

    Its a shame that our ministers are begging for foreign fund.Our country do not have any dignity.Day by day our country is going down and now our people start thinking how to compete with bangladesh.Later we start compete with somali.Totally shame

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  • Jan 16, 2014 - 4:56PM

    Great Article on Funding. Thanks for sharing. Keep posting the good stuff.Recommend

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