US to release $600 million to Pakistan under CSF in few weeks: Finance Minister Hafeez Sheikh

Tuesday, December 11th, 2012 1:21:56 by

Federal Finance Minister Dr Abdul Hafeez Shaikh on Tuesday said that the United States will reimburse $600 million under coalition support fund (CSF) in few weeks.


Speaking to a private TV channel, the finance minister said his talks with World Bank, IMF and American officials were quite effective. He further stated that during his visit to US more than $2.5 billion of aid came under discussion.


Hafeez Sheikh continued said that the US would pay $200 million for evaluation report of Bhasha Dam. He informed that the World Bank is determined to provide $1.8 billion which will be spent on various development projects.


He said that Pakistan and the U.S. are making a road map for joint trade partnership in private sector and the delegations from both the countries would help each other to strengthen trade ties.


Earlier on Sunday, the finance minister held one-on-one meeting with Prime Minister Raja Pervez Ashraf, briefing him about the objective of the visit. He said that he had dialogue with the US officials on host of issues including trade enhancement, investment promotion, and assistance in energy sector and launching of investment funds.


He further informed the premier that during the course of his visit he met representatives of the State Department, US Treasury, USAID, trade bodies apart from meeting with US Special Representative for Afghanistan and Pakistan, the head of OPIC and the US Chamber of Commerce and the Carnegie Institute to project Pakistan’s achievements and potential.The finance minister also briefed the prime minister on his meetings with managements of the World Bank and the International Monetary Fund.


The prime minister appreciated the efforts of the financial team led by Hafeez Sheikh and its success to win international support for Pakistan’s economic programme, which was a testimony of confidence in the prudent economic policies of the PPP government by the international community.

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