Saturday, July 16, 2011

$10bn of US financial support unaccounted for

According to the US Congressional Research Service, $18.76 billion was disbursed to Pakistan for losses incurred in the war against terrorism, but Pakistani officials claim to have received only $8.76 billion, including the military`s share of $1.63 billion.


The records in Islamabad show that the country has filed claims of only $13.3 billion, speakers at a discussion on `The US assistance to Pakistan: A critical appraisal` held on Friday at the South Asian Strategic Stability Institute (Sassi) said.

They said there was a discrepancy of about $6 billion in claims by both governments because the US reimbursed to Pakistan amounts that had not been claimed.

“This money cannot be accounted for and perhaps the US can best explain where it was spent when Pakistan never asked for it,” the institute`s Director General Dr Maria Sultan said.

The brief prepared against the background of the recent suspension of $800 million US military aid to Pakistan was based on comparative analysis of US congressional reports and Defence authorisation bills and Pakistani economic surveys and annual reports. More >>>

Location: Islamabad