AGL 35.20 Decreased By ▼ -0.50 (-1.4%)
AIRLINK 123.23 Decreased By ▼ -10.27 (-7.69%)
BOP 5.04 Increased By ▲ 0.07 (1.41%)
CNERGY 3.91 Decreased By ▼ -0.12 (-2.98%)
DCL 8.15 Decreased By ▼ -0.27 (-3.21%)
DFML 44.22 Decreased By ▼ -3.18 (-6.71%)
DGKC 74.35 Decreased By ▼ -0.65 (-0.87%)
FCCL 24.47 Increased By ▲ 0.22 (0.91%)
FFBL 48.20 Increased By ▲ 2.20 (4.78%)
FFL 8.78 Decreased By ▼ -0.15 (-1.68%)
HUBC 145.85 Decreased By ▼ -8.25 (-5.35%)
HUMNL 10.85 Decreased By ▼ -0.15 (-1.36%)
KEL 4.00 Decreased By ▼ -0.06 (-1.48%)
KOSM 8.00 Decreased By ▼ -0.88 (-9.91%)
MLCF 32.80 Increased By ▲ 0.05 (0.15%)
NBP 57.15 Decreased By ▼ -0.65 (-1.12%)
OGDC 145.35 Increased By ▲ 2.55 (1.79%)
PAEL 25.75 Decreased By ▼ -0.26 (-1%)
PIBTL 5.76 Decreased By ▼ -0.16 (-2.7%)
PPL 116.80 Increased By ▲ 2.20 (1.92%)
PRL 24.00 Decreased By ▼ -0.15 (-0.62%)
PTC 11.05 Decreased By ▼ -0.42 (-3.66%)
SEARL 58.41 Increased By ▲ 0.41 (0.71%)
TELE 7.49 Decreased By ▼ -0.22 (-2.85%)
TOMCL 41.10 Decreased By ▼ -0.04 (-0.1%)
TPLP 8.31 Decreased By ▼ -0.36 (-4.15%)
TREET 15.20 Increased By ▲ 0.12 (0.8%)
TRG 55.20 Decreased By ▼ -4.70 (-7.85%)
UNITY 27.85 Decreased By ▼ -0.15 (-0.54%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 8,528 Increased By 68.1 (0.8%)
BR30 26,868 Decreased By -400.5 (-1.47%)
KSE100 81,459 Increased By 998 (1.24%)
KSE30 25,800 Increased By 331.7 (1.3%)

US Defence Secretary Robert Gates, pressed to estimate total war costs, said on Wednesday that Iraq and Afghanistan operations could cost $170 billion in 2009 but warned the figure was likely wrong. "I have no confidence in that figure," Gates told the US Senate Armed Services Committee.
He said the Pentagon could not accurately estimate total war costs for next year before receiving full war funding for the current fiscal year, which ends September 30. Gates said he based the $170 billion figure on current expenditures in the wars.
Gates also said the 2009 estimate will depend on what decisions are made about US troop levels in Iraq after the top commander there, General David Petraeus, makes his next recommendation to the president in March. The Bush administration this week asked Congress for $515.4 billion for the Pentagon in fiscal 2009 plus an additional $70 billion to pay for war operations for part of the year.
Members of Congress, both Democrats and Republicans, told Gates they were disappointed the administration did not seek war funding for the full year - something they demanded last year. But Gates said Congress still had not provided full war funding for the current year.
Congress in December approved $70 billion to cover war funds for part of fiscal 2008. The Pentagon says it needs $102.5 billion more. "This delay is degrading our ability to operate and sustain the force at home and in theatre and is making it difficult to manage this department in a way that is fiscally sound," he said.
Since the September 11, 2001, attacks, Congress has approved $691 billion to pay for the wars in Iraq and Afghanistan and related activities such as Iraq reconstruction, according to the Congressional Budget Office.

Copyright Reuters, 2008

Comments

Comments are closed.