washingtonUS President Joe Biden has doubled economic aid funding to USD 82 million for fiscal year 2024 to support activities to help recover from devastating floods, diversify energy supplies and build emergency preparedness capabilities. have proposed. “Aid to Pakistan will expand private sector economic growth, strengthen democratic institutions, and promote gender equality and women’s empowerment,” the State Department said.
In Pakistan, the aid would support the country’s recovery from devastating floods, diversify energy supplies, and support activities to build emergency preparedness capabilities, the State Department’s budgetary proposal was sent to Congress.
The budget proposes to give USD 82 million to Pakistan for the fiscal year 2024 starting in October under Pakistan. The support in 2022 was USD 39 million.
Pakistan is also proposed to receive USD 17 million under the International Anti-Narcotics and Law Enforcement category and USD 3.5 million under the International Military Education and Training category.
The administration has also proposed USD 32 million to Pakistan under the Global Health Program category by the US Agency for International Development (USAID).
The debt-ridden Pakistan government is in a race against time to implement measures to reach an agreement with the International Monetary Fund (IMF) as the country has barely enough reserves for three weeks of essential imports.
The agreement with the IMF on the completion of the ninth review of the US$ 7 billion Extended Fund Facility program on a policy framework, which has been delayed since late last year, will not only disburse $1.2 billion but also unlock flows from friendly Will happen. countries.