Foreign Correspondence

[Amaunet]

US gives Pakistan $200 million for starters

For tsunami victims’ relief the United States has promised $350 million, saying it is an initial pledge.
http://www.bloomberg.com/apps/news?pid=10000087&sid=aPezNGSbyhS8&refer=top_world_news

Part of the buying of Pakistan albeit I am not sure it will work.
#msg-5029725

-Am

Staff Report

ISLAMABAD: The US has given the Pakistani government more than $200 million in economic assistance for budgetary support, an Economic Affairs Division official told Daily Times on Monday.

He said that out of the $3 billion assistance package announced for five years, the US had promised $600 million to Pakistan every year starting from 2004-05. US authorities gave more than $200 million to Pakistan for budgetary support a few days ago, while the remaining $400 million would also be given within this financial year, said Ahmed Jawad, the division’s spokesman.

According to assistance package’s breakdown, the US will provide $200 million for budgetary support every year, $300 million for military aid and $100 million for projects to be launched by the US Agency for International Development (USAID).

Sources told Daily Times that the Pakistani government and US authorities had negotiated the release of the $200 million from the US on a fast-track basis aimed at supporting Pakistan’s foreign exchange reserves.

http://www.dailytimes.com.pk/default.asp?page=story_11-1-2005_pg1_6