US Pakistan Economy: Nikki Haley may claim anything but Biden’s love for Pakistan again surfaced, America will rain dollars on the poor country

The problems of Pakistan, a country dependent on every grain, are getting worse with time. At the same time, the country facing economic crisis is also witnessing a period of political instability these days. The heart of America, which is now calling itself a super power country, is sore at Pakistan’s poverty. US President Joe Biden has decided that he will bring this country out of the economic crisis. According to the information received, Biden has proposed to double the financial assistance to the country. US President Joe Biden doubled economic aid funding to crisis-hit Pakistan to USD 82 million for fiscal year 2024 to support activities to help recover from devastating floods, diversify energy supplies and build emergency preparedness capabilities. proposed to do.

Pakistan can get 82 million dollars

The US State Department stated that aid to Pakistan would expand private sector economic development, strengthen democratic institutions, and advance gender equality and women’s empowerment. The budget proposes to give USD 82 million to Pakistan under the economic assistance fund category for the fiscal year 2024 starting October. The support in 2022 was USD 39 million. According to media reports, Pakistan is also proposed to receive USD 17 million under the International Anti-Narcotics and Law Enforcement category and USD 3.5 million under the International Military Education and Training category.

Pakistan and IMF deal

Currently, the debt-ridden Pakistan government is in a race against time to implement measures to reach an agreement with the International Monetary Fund (IMF) as the country has barely enough reserves for more than a month’s worth of essential imports. Is. Agreement with the IMF on the completion of the ninth review of the US$7 billion Extended Fund Facility program – which has been delayed over a policy framework since late last year – will not only disburse $1.2 billion but also unlock inflows.