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US proposes $2.4 billion aid to Pakistan
WASHINGTON: Obama administration Monday proposed $2.4 billion in financial aid to Pakistan for the fiscal year 2012-13 while unveiling its annual budget of $3.8 trillion that calls for tax hikes on the rich.Of this, $2.2 billion is in assistance to strengthen democratic and civil institutions that provide a bulwark against extremism and support joint security and counter- terrorism efforts, including $800 million for the Pakistan Counter-insurgency Capability Fund, the State Department said soon after the White House sent the budgetary proposals to the Congress.
In all, the budgetary proposals of President Barack Obama provides $8.2 billion for Overseas Contingency Operations to support the extraordinary and temporary costs of civilian- led programs and missions in Iraq, Afghanistan and Pakistan.
Courtesy www.geo.tv