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

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

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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.

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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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