US releases 120 mln dollars for Pak as development assistance
July 3rd, 2010 - 12:25 pm ICT by ANIWashington, July 3 (ANI): The United States has released 120 million dollars for Pakistan as part of its development assistance for the country for the financial year 2010-2011.
Out of the 120 million dollars released by the US Agency for International Development, about 75 million dollars would go for the Benazir Income Support Programme (BISP) and the remaining 45 million dollars have been allocated for developing higher education in the country, The Daily Times reports.
The United States has provided Pakistan billions of dollars in both military and non-military aid, however, observers believe that due to the lack of accountability measures, much of the funds are being redirected by Islamabad to build its defences against rival nations, particularly India.
Experts have also expressed fears about the funds landing in the hands of corrupt officials, who transfer themto extremist organisations, which are seen as strategic allies by the state.
Washington has also pledged to give Pakistan 1.5 billion dollars annually, as part of the Kerry Lugar bill, over the next five years for democratic, economic and social development programs.
However, concerned about the misuse of the funds, the Obama administration has also stapled several riders with the fund. (ANI)
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- Kerry calls for tight check on Pak non-military aid fearing rampant govt corruption - May 28, 2010
- State Department seeking 3.2 billion dollars for Pakistan for 2011 : Clinton - Feb 25, 2010
- Pak must ensure transparency in flood aid distribution for more funds to flow: US - Aug 26, 2010
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- US to send additional 18 helicopters for Pak flood relief - Aug 29, 2010
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- US mission to visit Pak to identify areas of fund utilization - Sep 26, 2009
- US helping Pak to renovate over 2,000 schools, build 150 new ones: Munter - Nov 19, 2010
- Probe into Kerry-Lugar funds' embezzlement by NGOs in Pakistan - Nov 26, 2010
- Obama proposes 3.1-bn-dollar US aid to Pak in fiscal year 2012 - Feb 16, 2011
- US signs agreements to provide 920 million dollar aid to Pakistan - Oct 02, 2009
Tags: accountability measures, allies, benazir, billion dollars, billions of dollars, bisp, corrupt officials, defences, development assistance, economic and social development, extremist, fears, higher education, islamabad, military aid, million dollars, next five years, obama, observers, rival nations
