US extends $532 million assistance package to Pakistan

Published: December 29, 2014
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Finance Minister Ishaq Dar in a meeting with US Ambassador Richard Olson. PHOTO: PID

Finance Minister Ishaq Dar in a meeting with US Ambassador Richard Olson. PHOTO: PID

ISLAMABAD: US Ambassador to Pakistan Richard Olson on Monday revealed that US Congress has notified a $532m assistance package for Pakistan.

Discussing the civilian assistance package under the Kerry Lugar Act with the Finance Minister Ishaq Dar at the ministry of finance on Monday, the US envoy said that the Congress notified the assistance package for assisting Pakistan in different sectors including energy, defense against terrorism, economic growth, community building, education and health.

The finance minister remarked that the government would spend a large amount of this assistance for the rehabilitation of the Internally displaced Persons (IDPs) of North Waziristan Agency.

The US envoy also congratulated Pakistan on the successful completion of fourth and fifth IMF review and the subsequent rise of the foreign exchange reserves to $15billion, which could provide government an opportunity to become a member of International Bank for Reconstruction and Development and enjoy better financial packages.

During the meeting, the US ambassador also discussed the agenda for the expected visit of Secretary Kerry to Pakistan in January next year.

Dar raised the issue of speedy delivery of Boeing aircrafts for PIA with Olson.

The US ambassador expressed his grief and offered condolences over the terrorist attack on Peshawar school on December 16, in which 149 people including 133 children were killed.

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Reader Comments (5)

  • HelpIDP1st!
    Dec 30, 2014 - 1:26AM

    As Much As Its Tempting, but Please don’t misdirect this fund to somewhere else, or to other people of other areas of other catastrophe before totally taking care off Zarb-e-Azb IDPs FIRST!

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  • kapt slim
    Dec 30, 2014 - 2:14AM

    We should talk about getting a drone program from US

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  • kapt slim
    Dec 30, 2014 - 2:25AM

    Dont know which price we gonna pay as a country for these dollars.
    Nothing is free in this world.

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  • PrePaid
    Dec 30, 2014 - 9:05AM

    @kapt slim: We already paid it in advance; The displacement of citizens due to Zarbe’ Azb!

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  • kapt slim
    Dec 30, 2014 - 2:44PM

    @PrePaid
    Well I am writing these lines from Waziristan. And I tell you, it was very much required.

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