News
Friday, April 30, 2010
‘Pakistan to get $600m in CSF funds quickly’
WASHINGTON: The US plans to quickly transfer $600 million to Pakistan to reimburse the government for military operations over the last year, the Pentagon said on Thursday. “There has been some concern on Pakistan’s part about the rate at which they are reimbursed for the Coalition Support Funds for their efforts in the war on terror on our behalf within their borders,” Pentagon Press Secretary Geoff Morrell said at a news conference. “We have made great strides over the past few weeks to try to accelerate reimbursement payments to the Pakistanis... We have, I think, in total about $600 million that is in route or will soon be in route in the next few weeks to Pakistan to reimburse them for their operations over the past year.” The payment delay has been a source of friction and has contributed to Pakistan’s economic woes. The US is in arrears in paying about $2 billion in military aid to Pakistan under the so-called Coalition Support Fund. reuters
Courtesy www.dailytimes.com.pk