Pakistan on Thursday received $371.4 million from the United States on account of Coalition Support Fund (CSF). Sources said this is the first CSF payment during this fiscal year and another tranche of over $350 million is expected in the second half of FY15. The last CSF tranche amounting to $352 million was received in February 2014. "Yes, the country has received $371.2 million from the United States under the Coalition Support Fund," confirmed a State Bank official.
The side amount was released Wednesday by the US and accordingly, on Thursday reflected in the SBP account, he added. Mainly, Pakistan receives some $700-800 million annually from the US on account of CSF, which will help build the forex reserves of the country. Since 2004, Pakistan received over $10 billion on account of CSF. Sources said despite payment of this amount millions of dollars CSF payments are still due towards the US and major the amount of these pending payments have already been approved by the US authorities.
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