US approves $ 2.376 bn aid package for Pakistan
United States approved $ 2.376 bn dollars as aid package for Pakistan.
The US government has also tabled an aid bill of 2.282 billion dollars in the Congress for Pakistan for the financial year 2009-10.
The bill placed in the American Congress includes both military and humanitarian assistance, The News reports.
It is worth mentioning here that the US has pledged 1.5 billion dollars of annual assistance to Pakistan for five years through the Kerry-Lugar bill.
The Kerry Lugar bill is likely to be approved by the American Senate by the end of this month.
While Islamabad has been pushing Washington to fulfill its pledge as soon as possible and reduce the administrative cost on the aid being offered, the US maintains that most of the financial assistance included in the bill would be channelled through government institutions and mechanisms.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.