AIRLINK 172.80 Decreased By ▼ -2.93 (-1.67%)
BOP 13.27 Increased By ▲ 0.15 (1.14%)
CNERGY 7.40 Decreased By ▼ -0.14 (-1.86%)
FCCL 43.60 Decreased By ▼ -0.31 (-0.71%)
FFL 14.87 Decreased By ▼ -0.14 (-0.93%)
FLYNG 26.49 Decreased By ▼ -0.41 (-1.52%)
HUBC 129.80 Decreased By ▼ -0.43 (-0.33%)
HUMNL 13.22 Decreased By ▼ -0.12 (-0.9%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 6.04 Decreased By ▼ -0.02 (-0.33%)
MLCF 55.39 Decreased By ▼ -0.64 (-1.14%)
OGDC 212.20 Decreased By ▼ -2.57 (-1.2%)
PACE 5.91 Decreased By ▼ -0.07 (-1.17%)
PAEL 41.04 Increased By ▲ 0.14 (0.34%)
PIAHCLA 16.21 Decreased By ▼ -0.11 (-0.67%)
PIBTL 9.58 Decreased By ▼ -0.17 (-1.74%)
POWER 11.52 Decreased By ▼ -0.24 (-2.04%)
PPL 178.20 Decreased By ▼ -3.28 (-1.81%)
PRL 33.49 Decreased By ▼ -0.73 (-2.13%)
PTC 22.82 Decreased By ▼ -0.24 (-1.04%)
SEARL 94.45 Decreased By ▼ -1.27 (-1.33%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 34.94 Decreased By ▼ -0.51 (-1.44%)
SYM 15.75 No Change ▼ 0.00 (0%)
TELE 7.79 Decreased By ▼ -0.08 (-1.02%)
TPLP 10.86 Decreased By ▼ -0.12 (-1.09%)
TRG 60.90 Increased By ▲ 0.40 (0.66%)
WAVESAPP 10.69 Decreased By ▼ -0.12 (-1.11%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,027 Decreased By -27.1 (-0.22%)
BR30 36,259 Decreased By -208.1 (-0.57%)
KSE100 113,739 Decreased By -617.6 (-0.54%)
KSE30 35,065 Decreased By -282.6 (-0.8%)

The Biden administration has requested $101 million in aid for Pakistan to help the South Asian country strengthen democracy, fight terrorism, and stabilise the economy, US Assistant Secretary for South and Central Asia, Donald Lu announced on Tuesday.

Lu said this while speaking before a subcommittee of the US House Committee on Foreign Affairs.

He said Pakistan was facing “ongoing challenges and opportunities” and the requested aid would help the country deal with them.

US Congressional hearing: Donald Lu says Imran’s cypher allegation ‘complete falsehood’

“The President’s Budget requests a straight-lining of our $101 million Pakistan budget.

“That money would be used to strengthen democracy and civil society, to fight terrorism and violent extremism, and to support economic reforms and debt management to help stabilise Pakistan’s economy,” Lu said.

The development comes as Pakistan faces tough economic challenges amid lack of foreign investments, low foreign exchange reserves, and high inflation.

Earlier this month, the International Monetary Fund (IMF) and Pakistan authorities reached a staff-level agreement, 37-month loan programme aimed at cementing stability and inclusive growth.

The IMF said the new Extended Fund Facility (EFF) is subject to approval by its Executive Board and obtain “timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners”.

This would include rollovers or disbursements on loans from Pakistan’s long-time allies Saudi Arabia, the United Arab Emirates, and China.

Last month, the United States House of Representatives voted in favour of an impartial investigation into the general elections held this year in February in Pakistan.

A total of 368 US lawmakers voted in favour of the resolution which called for “full and independent investigation of claims of interference or irregularities in Pakistan’s February 2024 election.”

In response, Pakistan’s National Assembly passed a resolution condemning the US House of Representatives move, and termed it “contrary to facts” and “interference” in Pakistan’s internal affairs.

Comments

Comments are closed.

KU Jul 24, 2024 06:50pm
''Strengthen democracy, fight terrorism, and stabilise economy'' with $101 million aid, says a lot about our long time ally. Silent on how democracy is faring, while economy is led in some pockets.
thumb_up Recommended (0)
Doc Asad Jul 24, 2024 08:06pm
Dont even give a cent please, it is never used for the good of pakistan or its people ever.
thumb_up Recommended (0)
J Jul 24, 2024 10:44pm
Nothing but just part of usa broder geopolitical politics this is just another move to restore some good imagine in the heart of average Pakistani.
thumb_up Recommended (0)
Zainam Jul 25, 2024 12:34am
Disco's reps are concerned because solar has reduced avenues of their corruption. Govt is concerned because less electricity demand means no more justification for new IPPs, no kickbacks.
thumb_up Recommended (0)
HashBrown® Jul 25, 2024 02:10am
Why 101 million? Is there some significance to the number 101? It just seems like a strange figure to agree upon...
thumb_up Recommended (0)