Pakistan convinces international community for aid, investment

[Edevelop]

Finance Minister Hafeez Sheikh made a successful weeklong trip to the United States, convincing the United States (US), the United Kingdom (UK) and international monetary organizations to give Pakistan as much as $5.27 billion over the next four-year term.
While addressing a news conference at the Pakistani Embassy in Washington (DC), Pakistani Finance Minister Hafeez Sheikh observed, “We have told the ADB to send their assessment team to Pakistan soon”.
Sheikh and Adnan Mazarei, the IMF (International Monetary Fund) Pakistan mission chief held sittings with Director of the World Bank, Sri Mulyani, the Asian Development Bank President Haruhijo Kuroda, US AID administrator Dr Rajiv Shah.
Both the Asian Development Bank (ADB) and the US have reaffirmed investment in to the Diamer Bhasha dam project in Pakistan, the two Pakistani officials confirmed.
The Pakistani Finance Minister while claimed that the US had also showed agreement to invest in the renovation of the Kurram-Tangi dam project and Mangla Dam. The American officials had notified Congress that it would be spending $223 million on the two projects, he added.
He further said the International Finance Corporation (IFC) would also invest $1 billion in various sectors in Pakistan’s private sector, including energy and finance. Its investment is the highest for the group in Pakistan, he added.
Sheikh continued that the World Bank had increased its spending on Pakistan from $1.6 to $1.8 billion, adding that Britain had announced that Pakistan would be its biggest recipient of aid.
He asserted, “Britain will spend over $2.25 billion over the next four years, primarily in the field of education”.
He also highlighted the growing number of remittances, a higher growth rate and growing exports as signs of progress in the country’s economy, saying that the increasing oil prices may impact Pakistani exports in the coming days.
The minister noted, “Overseas Pakistanis posing confidence in Pakistan will send $ 13.5 billion this year, reflecting a 21 per cent increase from last year’s $ 11.2 billion”.
In his view, Pakistan’s policies are yielding outcomes despite increasing international oil prices and uncertain global economic situation, saying that the national economy was now on the path to stability and growth.
Sheikh recounted a host of positive indicators including six per cent expansion in exports, which follow a 30 per cent increase in exports last year, and a jump of 25 per cent in revenue collection in the past nine months from

Pakistan convinces international community for aid, investment | NewsPakistan.PK

 

[DDLJ]

Pakistan need tax reforms and increasing export instead of taking loans. Already huge chunk of Pakistan budget is wasted in repaying debt.

 

[Papa]

Investment is good but why aid? Pak have enough resources but they need only chance to perform.

For investment they need to convince west. To convince west, they need to eradicate roots of terrorism.

 

[Armstrong]

FoOk...what happened to 'Trade not Aid' ?

 

[hunter_hunted]

This govt is really lame not able to do work thats y asking for AID they know its easy to beg

 

[Nothing]

Aid is always attach with strings, and most of the aid coming from western countries goes back to them under name of consulting fees and acquiring resources from their country and rest go to politicians .. very limited aid actually get spend on people needed them for sake of taking photos and video and to keep ceremony for NGO involved .
See latest events in India where western NGOs were part of opposing Russian supported N-Plant and see in Egypt were they were working against ruling government..

No doubt there are NGOs who are working seriously with local money and there are many western NGOs which are run by and founded by expatriates which do really good work.. but money donated by western government are always used as hooks to strings ..

 

[solidstate]

lollll more aid. bhai kab yeah mulk apne feet par khada hogaa

 

[Nothing]

lollll more aid. bhai kab yeah mulk apne feet par khada hogaa

No need of posting valueless posts.. provide something constructive mate.. this will lead to troll fest and original issue will never get discuss as usual ..

 

[khanz]

such a pathetic government these people feel no shame or pride thats why they need to beg all the time no aid plz I would rather pakistan need to learn to stand on it's own instead of depending on others all the time

 

[user1]

We can only wait and pray for the PTI govt. to come into power & NATO's withdrawal from Afghanistan and greater Middle East.

 

[Shabaz Sharif]

Aid is always attach with strings, and most of the aid coming from western countries goes back to them under name of consulting fees and acquiring resources from their country and rest go to politicians .. very limited aid actually get spend on people needed them for sake of taking photos and video and to keep ceremony for NGO involved .
See latest events in India where western NGOs were part of opposing Russian supported N-Plant and see in Egypt were they were working against ruling government..

No doubt there are NGOs who are working seriously with local money and there are many western NGOs which are run by and founded by expatriates which do really good work.. but money donated by western government are always used as hooks to strings ..

As long as aid money is being spent on dams like Basha then its ok, but this is not the case always. And majority of goverment or oposition will not raise a issue since everyone get a cut.

 

[Abu Zolfiqar]

ahh yes, another begger expedition to secure funds for more over-staffed government and more 5-star all expenses paid foreign trips, as well as bribe money to keep people (brainless dead-weights, liabilities) loyal to PPP

 

[Nothing]

As long as aid money is being spent on dams like Basha then its ok, but this is not the case always. And majority of goverment or oposition will not raise a issue since everyone get a cut.

IMO money granted fro Basha dam is not aid but loan with no or low interest .. correct me if I am wrong..
Yes every one get cut, specially not only politicians but also many from elites... they are one who chair these kind NGOs and get paid for their so called service and use it as tool to park their black money..

Like send black money from foreign country to some NGO.. they will be chair person for NGO and keep having party in five star on name of meetings and fund raising .. and will drive costly German car from that NGO ...
I know many of these tactics ... some how

 

[somebozo]

We are becoming begging bowl of the world but still a lot of Pakistanis are digging articles on poverty or hunger in India vs Africa.

 

[Abu Zolfiqar]

We are becoming begging bowl of the world but still a lot of Pakistanis are digging articles on poverty or hunger in India vs Africa.

not in my name, bozo bhai, not in MY name.....