South Asia News

Mar 31, 2009, 15:26 GMT

Pakistan to seek 30 billion dollars from Friends of Pakistan

Islamabad - Pakistan will ask the Friends of Pakistan (FoP) forum to provide 30 billion dollars of assistance over a period of 10 years when the group meets in Tokyo on April 17, a senior Pakistani government official said on Monday. Sardar Aseef Ahmed Ali, the deputy chairman of Pakistan's Planning Commission, told reporters his country would seek 22 billion dollars in financial assistance and another 8 billion dollars in foreign direct investment during the upcoming ministerial level meeting of the FoP. The FoP includes the United Kingdom, France, Germany, the United States, China, the United Arab Emirates, Canada, Turkey, Australia, Japan, Kuwait, Qatar and Italy. The United Nations and European Union are also in the group. The FoP aims at providing financial aid to Pakistan so that the nuclear-armed country can improve its deteriorating economy and eventually deal with the problem of growing Islamic militancy. 'Most of the development projects will be completed over the next five years, while a few of them would be completed in 10 years,' Ali said, adding that, out of a total of 22 billion dollars in assistance sought, Islamabad hopes to receive between 20 and 25 per cent of that assistance in the form of grants. 'There is connect between terrorism and growing menace of poverty and we are going to ask our Western allies to provide us grants for combating poverty and improving social sector indicators,' he added.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
Facebook and MySpace cull 3,500 sex offenders - The Tech Herald
Sherlock Holmes Has A New Gimmick: Motion Seats - Cinema Blend
Meredith Baxter Reveals She's Gay - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Official: Pakistan to cut interest rates, inflation
Asian Development Bank offers to double Pakistan's aid
(eca129): Pakistan to ask IMF for additional loan of 4.5 billion dollars
Pakistan to ask IMF for additional loan of 4.7 billion dollars
Pakistan to import sugar to meet domestic shortage

Latest Headlines in South Asia

Older Talkback

South Asia: Index

: News; Features

Latest Pics

Christine Lahti

From Sites we Like

I ain't here to cause no trouble. I'm required by law to do the Sex Offender Shuffle [Amusing]
Father issues bad check, gets arrested. Son goes to pick him up, is arrested for driving with a suspended license. Fark: Bad check was for son's court fines and fees from prior arrest [Fail]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint