US proposes $860 million aid for Pakistan
WASHINGTON (92 News) – United States President Barack Obama has on Wednesday proposed $860 million in aid for Pakistan, including $265 million for military hardware, which would help the country fight terrorists, secure nuclear weapons and improve ties with India.
The allocated funding will support the Pakistan’s counter-insurgency missions and bolster stability, energy access, economic growth, and social reform.
The US State department said that it would help the country fight terrorists, secure nuclear weapons.
Under the Economic Support Fund (ESF) of the Overseas Contingency Operations (OCO), the State Department has proposed $400 million to Pakistan.
Proposing $265 million under Foreign Military Funding (FMF) – which mainly means providing military hardware, the State Department said given the transition in Afghanistan and continued terrorist attacks inside Pakistan, it is essential to Pakistan’s efforts to increase stability on its western border and within the country.