The United States economic engagement with Pakistan includes disbursement of $6.26 billion assistance ($ 5.78 billion under Coalition Support Fund and $ 471 million grant as budget support), a trade deficit with Pakistan of $ 7.395 billion, net Foreign Direct Investment of $586 million and remittance inflows to Pakistan of $12.6 billion during the five years of the PML-N administration (2013-18).
This was revealed from data collected by this newspaper from the State Bank of Pakistan (SBP), Economic Affairs Division (EAD) and US Embassy in Pakistan. The PML-N government received $5.78 billion as CSF and an additional $471.24 million under the head external resources in budget documents as grant during the past five years (though budgeted estimates were $901.41 million).
The CSF is the reimbursement of expenditures that Pakistan incurred while fighting the war on terror. Pakistan received $ 1.8 billion under CSF in fiscal year 2013, $1.05 billion in 2014, $1.452 billion in fiscal year 2015, $937 million in fiscal year 2016 and $550 million in the fiscal year 2017.
The USA released $101.65 million in the first eleven months of 2017-18 against the budgeted estimates of $117.56 million; it disbursed $82.35 million in 2016-17 against the budgeted estimates of $111.41 million. In 2015-16 USA disbursed $159.94 million against the budgeted $102.94 million and $97.41 million in fiscal year 2014-15 against budgeted $357.5 million. Pakistan received $118 million against the budgeted estimates of $212 million in 2013-14.
According to the Board of Investment (BoI) US net foreign direct investment (FDI) in Pakistan was $586.1 million during the past five years (2013-18): $212.1 million in 2013-14, $223.9 million in 2014-15, $13.2 million in 2015-16, $44.6 million in 2016-17 and $92.3 million in 2017-18.
According to the United States Census Bureau, Pakistan exports to US stood at $18.065 billion during the PML-N government's five-year tenure. Pakistan exports to US was $1.85 billion in 2013 (July-December), $3.675 billion in 2014, $3.7 billion in 2015, $3.44 billion in 2016, $3.57 billion in 2017 and $1.82 billion in 2018 (Jan-June).
Pakistan imports from US stood at $10.67 billion during the past five years: $769 million in 2013 (July-December), $1.512 billion in 2014, $1.838 billion in 2015, $2.107 billion in 2016, $2.808 billion in 2017 and $1.635 billion in 2018 (Jan-June).
According to the SBP Pakistani workers remitted around $12.674 billion from US during the past five years: $2.4 billion in 2013-14, $2.585 billion in 2014-15, $2.524 billion in 2015-16, $2.452 billion in 2016-17 and $2.713 billion in 2017-18.
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