AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

imageWASHINGTON: US President Barack Obama appeared to suggest in an interview aired Friday that pulling US aid from Egypt would not reverse the behavior of its ruling generals after a coup.

Obama's administration is currently reviewing the status of US assistance to Cairo following the ouster of ex-president Mohammed Mursi and a subsequent crackdown on Mursi supporters.

"You know, my sense is with Egypt is that the aid itself may not reverse what the interim government does," Obama said in an interview with CNN.

"But I think what most Americans would say is that we have to be very careful about being seen as aiding and abetting actions that we think run contrary to our values and our ideals."

"So what we're doing right now is doing a full evaluation of the US-Egyptian relationship."

The United States gives Egypt $1.3 billion a year in military aid along with several hundred million dollars in development and economic assistance.

But he told CNN that after the events in Egypt there was no doubt that Washington could not go back to "business as usual" with Cairo.

He also defended his administration's actions following the coup in July.

He said that the White House did a lot of heavy lifting after Mursi's ouster to try to convince the military to move towards reconciliation but without success.

In return for more than 20 years as a top aid donor to Egypt, Washington benefited from peace between Israel and Egypt, priority access to the Suez Canal and valuable anti-terrorism cooperation.

The question of aid to Egypt will be a hot political issue when Congress returns to work next month after its summer recess.

One outspoken critic of the aid packages, Republican Senator Rand Paul, told the Politico website on Friday that it would not be right to sell more US weapons to Egypt.

"We don't have enough money to be sending it overseas and squandering it," Paul said.

"If you're an Egyptian and you're protesting your government in the street and you're facing down an American tank, it doesn't give you a warm, fuzzy feeling in your heart for America."

Comments

Comments are closed.