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| India-Pakistan |
| Government denies US aid missing |
| 2010-09-28 |
| [Pak Daily Times] In response to a news item published in a section of the press on September 25 alleging that $133 million in US aid to Pakistain was missing, Finance Minister Dr Abdul Hafeez Sheikh took stern notice of the issue and called for an immediate explanation on the matter, a press release said on Monday. Maybe it fell between the cushions? According to the press release, in pursuance of his direction, a meeting was convened by the Economic Affairs Division secretary on September 26, attended by Finance Special Secretary Robert Wilson, the USAID (Pakistain) director and the representatives of the Khyber Pakhtunkhwa, formerly NWFP, aka Terrorism Central government. After due deliberations, the matter was clarified. The USAID representative clarified in the meeting that the observations referred to in the news item were based on the report of the USIAD inspector general and were meant for USAID internal controls and not for the government. He added that as of date, there were transparency issues in relation to the processes and distribution of US grant funds to the IDP and BISP beneficiaries. "The amount of $133 million given in the press report is not correct. The actual amount received by the government is $129 million, which includes $44 million for IDP's and $85 million for the BISP. Both these amounts were released by USAID during the year 2009-10 after carrying out due diligence on the disbursement processes by independent auditors appointed by USAID," he said. In the light of above clarification, the assertion 'Cash to Pakistain missing' is not correct. The US also indicated to issue a clarification to the Pak press on the issue to dispel the false impression. |
| Posted by:Fred |
| #3 Administrative costs? |
| Posted by: Pappy 2010-09-28 09:26 |
| #2 A Pakistani Fannie & Freddie...? Who knew! |
| Posted by: Besoeker 2010-09-28 07:27 |
| #1 It's not missing; it's just the 'commission' on the $1.3 billion aid package. |
| Posted by: Glenmore 2010-09-28 07:25 |