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UK gives Pakistan £120 million for poverty alleviation

Adnan Faruqi

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UK gives Pakistan £120 million for poverty alleviation

Islamabad: The government diverted £60 million to Citizen’s Damage Compensation Program (CDCP) Out of total £120 million UK’s grant for Poverty Reduction Budgetary Support.

This was said by Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Sheikh while talking to Deputy High Commissioner of United Kingdom Francis Campbel on Monday.

Federal Minister said that Pakistan and UK entered into a long-term development assistance relationship in 2006 by signing a 10 year Development Partnership Arrangement (DPA). He said that in line with the shared vision set forth in the DPA, UK Government published its Country Plan for Pakistan for the period 2008-2013. The Country Plan focuses on sustainable growth, faster progress towards Millennium Development Goals (MDGs), good governance and improving aid effectiveness through donor harmonization.

Finance Minister appreciated UK’s efforts as a leading bilateral development partner of Pakistan and its budgetary support mainly in the areas of education, health, poverty reduction and governance.

They also discussed the Pak-UK trade relations, as UK is most important trading partner within the European Union (EU). In the same way, UK has traditionally been the second largest investor in Pakistan and Foreign Direct Investment (FDI) of UK in Pakistan stands at $ 208.1 million in 2010-11.

The meeting also deliberated on certain FBR (Federal Board of Revenue) related issues of some British companies working in oil and gas sector. Finance Minister assured the delegation that the issues will be resolved accordingly so that our development cooperation further is strengthened.

UK gives Pakistan £120 million for poverty alleviation | The News Tribe
 
Guys...why are we fighting...grab as much much money as you get...there is nothing wrong is getting the money....Getting cash is rather very rare now a days....
 
Guys...why are we fighting...grab as much much money as you get...there is nothing wrong is getting the money....Getting cash is rather very rare now a days....

I agree - just hope it gets to where its needed and not stolen on the way...
 
Guys...why are we fighting...grab as much much money as you get...there is nothing wrong is getting the money....Getting cash is rather very rare now a days....

Given that they have stolen 1000 times from us than what they are giving now anyway... so make the most of it :bounce:
 
bloody hell give me half million i am worse poor citizen of pakistan .
 

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