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India-Pakistan
Pakistan receives $ 1.18 bln from US under coalition support fund
2012-08-03
[Dawn] Pakistain said Thursday it had received $1.1 billion dollars from the United States for its fight against myrmidons, the first installment of its kind since December 2010.

Washington released the funds after Pakistain and the United States on Tuesday signed an agreement governing NATO
...the North Atlantic Treaty Organization. Originally it was a mutual defense pact directed against an expansionist Soviet Union. In later years it evolved into a mechanism for picking the American pocket while criticizing the cut of the American pants...
convoys travelling through Pakistain into Afghanistan until the end of 2015.

The fund, which is designed to reimburse Pakistain for the cost of counter-insurgency operations, paid $8.8 billion to Pakistain between 2002 and 2011.

But Islamabad stopped claiming the money as relations collapsed in the wake of the May 2011 raid that killed the late Osama bin Laden
... who knows that it's like to live in the belly of a whale only he's not living...

The crisis fell to a new low when US air strikes killed 24 Pak soldiers and Islamabad imposed a seven-month blockade on NATO traffic in protest.

"We received $1.118 billion from the coalition support fund last night,"Syed Wasimuddin, front man for the central State Bank of Pakistain, told AFP.

He said it was the first installment since $633 million in December 2010.

Analysts have suggested that the $1.1 billion dollars is particularly beneficial to Pakistain as it tries to head off a new financial crisis created by poor tax revenues, mismanagement and overgenerous subsidies.

The fund has increased the country's total liquid foreign exchange reserves to $15692.5 million.

Pakistain's total foreign reserves stood at $14,574.5 million on July 27, 2012, according to SBP. According to break-up, foreign reserves held by SBP were $10,139.3 million and net foreign reserves held by banks (other than SBP) $4,435.2 million on July 27, 2012

On Thursday, the US commander of NATO troops in Afghanistan held talks in Pakistain for the first time since the NATO supply lines resumed.
Posted by:Fred

#2  Such a waste. Those dollars could have provided funding for several years of Federal raced based, school dicipine monitoring.
Posted by: Besoeker   2012-08-03 07:18  

#1  Uh, uh, $$$ IS N-O-T EVERYTHING???

To wit,

* DEFENCE.PK/FORUMS > US ONE MAJOR [terror] ATTACK AWAY FROM TAKING [Military] ACTION AGZ PAKISTAN, ala the threat from the Haqqani Network.

ARTIC > NEW HAQQANI STRATEGY = FOCII IS TO BASE ON TERROPS CAPABLE OF INFLICTING "MASS CASUALTIES" AMONGST US-NATO PERSONNEL, ESPEC US MILFORS.

versus

* SAME > [Newly signed US-Pak MOU] PAKISTAN TO ALLOW SUPPLY ROUTES THROUGH [End-of-Year] 2015.
Posted by: JosephMendiola   2012-08-03 01:28  

00:00