US to cut $190 m in Pak funding |
The Trump administration has proposed a reduction of $190 million in funding to Pakistan for the current fiscal year as compared to the last. The US grant stands at $344 million in financial assistance which includes $100 million in foreign military funding. Pakistan plays a key role in US counter-terrorism strategy, the peace process in Afghanistan, nuclear non- proliferation efforts, and stability and economic integration in South and Central Asia. It is also a large and growing economy offering profitability for US businesses. Last year, the US assistance to Pakistan under the State Department budget was USD 534 million, which included USD 225 million towards foreign military funding. Besides, Pakistan also receives reimbursement from the US every year for its expenses towards US operations in Afghanistan.After Afghanistan, Pakistan continues to be the second largest aid recipient of the US in South Asia.
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