Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

US to give $532m to Pakistan under Kerry-Lugar Act

byMonitoring Report
30/12/2014
in Business
Share on FacebookShare on Twitter

ISLAMABAD: US Ambassador to Pakistan Richard G Olson has met Federal Minister for Finance Ishaq Dar and informed him that the United States Congress has notified a $532 million civilian assistance package for Pakistan under the Kerry-Lugar Act.

According to an official statement, Olson discussed with the minister the breakup of assistance being given for different sectors such as energy, defence against terrorism, economic growth, community building, education and health.

You might also like

Diesel price cut by Rs134.81, petrol down Rs11.83

11/04/2026

Inflation in Pakistan continues to surge

10/04/2026

The finance minister remarked that the government should spend a large amount of this assistance for the rehabilitation of the temporary displaced persons of North Waziristan Agency.

The act was passed in the year 2009 by the US Congress to authorise appropriations for fiscal years 2010 through 2014 to promote an enhanced strategic partnership with Pakistan and its people, and for other purposes. Olson also discussed the agenda for the expected visit of US Secretary of State John Kerry to Pakistan in January 2015.

Dar also discussed with the ambassador the speedy delivery of Boeing aircraft which PIA has sought to acquire to upgrade its fleet, which he said was on the priority list of the government.

The minister told the ambassador that they are preparing for giving a briefing to the donors about the rehabilitation work being carried out for the TDPs of North Waziristan and the flood affected communities. The US envoy also congratulated Pakistan on the successful completion of fourth and fifth IMF review and the subsequent rise of the foreign exchange reserves to $15 billion, which could provide government an opportunity to become a member of International Bank for Reconstruction and Development and enjoy better financial packages.

During the meeting, the US ambassador also discussed the agenda for the expected visit of Secretary Kerry to Pakistan in January next year.

The US ambassador also expressed his grief and offered condolences over the terrorist attack on Peshawar school on December 16, in which 150 people including 134 children were killed.

Tags: Federal Minister for Finance Ishaq DarKerry-Lugar ActUS Ambassador to Pakistan Richard G Olson

Related Stories

Diesel price cut by Rs134.81, petrol down Rs11.83

byCT Report
11/04/2026

ISLAMABAD: In a major relief for inflation-hit consumers, the government has reduced petroleum prices, slashing petrol by Rs11.83 per litre...

Inflation in Pakistan continues to surge

byCT Report
10/04/2026

ISLAMABAD: Inflation in Pakistan continues to surge amid rising tensions in the Middle East, with the weekly inflation rate increasing...

Gas prices ease in Pakistan after LPG supply from Iran resumes

byCT Report
09/04/2026

ISLAMABAD: A downward trend in gas prices has begun in Pakistan following the restoration of LPG supply from Iran. According...

TOPSHOT - A Pakistani elderly man sits at a shuttered market during a traders countrywide strike against the prices hike, in Peshawar on July 13, 2019. (Photo by ABDUL MAJEED / AFP)

Karachi traders, transporters call off strike

byCT Report
08/04/2026

KARACHI: Karachi traders and transporters have postponed a planned strike following a meeting with Sindh Governor Nehal Hashmi, who assured...

Next Post

2 billion euros investment: Audi to develop new technology to smash BMW in luxury-car sales

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.