Home - Pakistan - US to give $337 million to Pakistan under CSF as military aid

US to give $337 million to Pakistan under CSF as military aid


ISLAMABAD: Washington is likely to grant $337 million to Pakistan under the Coalition Support Fund in the upcoming days.


This is a part of aid started after Pakistan launched military operation Zarb-e-Azb.

The Obama Administration has put across the United States Congress of its focus to release the CSF tranche and, after a necessary half a month notice comes to an end this weekend, the money will be released to Pakistan, as said a Finance Ministry personnel with concerning the matter.


In fact, Pakistan was looking for payment to be released before June 30 and had adjusted the federal budget to reflect the expected Rs204 billion or $2 billion for fiscal year 2015-16. The primary budgeted CSF receipts were Rs140 billion ($1.4 billion). The government had anticipated that the higher CSF disbursements would support it in gaining the budget deficit target of 4.9% of the total size of the economy, that it vowed the International Monetary Fund it would focus to gain.

The major reason why US increased disbursement is the operation Zarb-e-Azb, as the military offensive against the terrorists in North Waziristan and other areas having hideouts of terrorists is dealt with as part of the greater global campaign against terrorism.

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