US signs deal to provide $920 mn aid to Pak

Posted By: Staff
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Washington, Oct 2: Following the passage of the Kerry-Lugar Bill, the United States has signed an agreement with Pakistan to provide 920 million dollar fund to resurrect its health, education, governance and reconstruction sectors.

"The agreements bring the total obligations to Pakistan through USAID this year to 920 million dollars," the Daily Times quoted a US embassy statement, as saying.

According to a statement, the US would increase resources to sectors that foster economic growth, including the energy sector.

The agreements include, direct budget support worth 174 million dollars for the Benazir Income Support Programme, the income support programme for internally displaced persons and assistance to technical and vocational education activities under the Higher Education Commission.

"These agreements demonstrate the US commitment to help Pakistan enhance the lives of its citizens through improved delivery of services," Deputy Chief of Mission Gerald Feierstein said.

OneIndia News

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