Biden proposes to double economic support fund to cash-strapped Pakistan
US President Joe Biden has proposed to double the economic support fund to cash-strapped Pakistan to USD 82 million for fiscal 2024 to help its recovery from devastating floods, diversify the energy supply, and support activities to build emergency preparedness capabilities.
"Assistance to Pakistan will expand private sector economic growth; strengthen democratic institutions; and advance gender equity and women's empowerment, the State Department said.
In Pakistan, the assistance will support the country's recovery from devastating floods, diversify the energy supply, and support activities to build emergency preparedness capabilities, said the State Department's budgetary proposal which was sent to Congress.
The budget proposes to give Pakistan USD 82 million for fiscal 2024, beginning in October, under the Economic Support Fund category. The support was USD 39 million in 2022.
Pakistan is also proposed to receive USD 17 million under the international narcotics and law enforceme