Islamabad: Cash-strapped Pakistan is expected to receive $2.5 billion as financial assistance from the US during the current fiscal following the end of a standoff between the two sides on NATO supply routes to Afghanistan.
The disbursements, especially reimbursements from the US Coalition Support Fund (CSF) for Pakistan's expenses on the war on terror, might relieve the government of pressure it is facing because of depleting foreign exchange reserves which necessitated an immediate bailout from the International Monetary Fund.
The US is expected to pay $1.5 billion to two billion during the current fiscal year from the CSF, the Dawn newspaper quoted its sources as saying. About $700 million to $1 billion is expected under the Kerry-Lugar Berman Act and Foreign Military Financing(FMF).
An unnamed official said Pakistan's claims for about $1.3 billion from the CSF had already completed a 10-stage approval and reconciliation process of the US government and only banking instructions are needed for the amount to be transferred into Pakistan's accounts....
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12:49 PM, Jul 05, 2012
Brussels: NATO Secretary General Anders Fogh Rasmussen said there has been a decline in cooperation activities and "it's not business as usual with Pakistan". "No, it's not business as usual. We have seen a decline in cooperation activities during recent months which I strongly regret," the EuAsiaNews quoted Rasmussen as saying. "I think it is of mutual interest to have a close cooperation between Pakistan and NATO," he added. "I...
10:29 AM, Jul 03, 2012
Canberra(Australia): NATO's chief hopes to soon reopen military supply routes through Pakistan despite new transport agreements with other Afghanistan neighbours providing alternatives. NATO this week struck agreements with Uzbekistan, Kyrgyzstan and Kazakhstan allowing the military to evacuate hardware from Afghanistan and bypass Pakistan. Pakistan closed its southern supply routes six months ago after US airstrikes accidentally killed 24 Pakistani soldiers. The US recently said a negotiating team was returning home...
02:14 PM, Jun 13, 2012
Washington: US Defence Secretary Leon Panetta has ruled out paying Pakistan $ 5,000 per truck carrying vital supplies across its territory for NATO troops in Afghanistan, citing financial challenges faced by America. Panetta headed to this weekend's NATO summit prepared to confront Pakistan over what he considers "price-gouging" for transport of supplies to Afghanistan and hoping for a "consensus" among allies over the war effort. Pakistani officials have demanded $...
08:56 PM, May 20, 2012
Miranshah: The Pakistan Taliban will attack lawmakers if they decide to re-open NATO supply routes to Afghanistan, the militant group's spokesman said on Sunday, a threat likely to complicate efforts to mend severely strained relations between the United States and Pakistan. "If the parliament decides to restore NATO supplies, we will attack parliamentarians and their overlords," Ehsanullah Ehsan, spokesman for the Tehrik-e-Taliban Pakistan (TTP) told Reuters. The US needs Pakistani...
03:07 AM, Mar 26, 2012
