Monday, December 23
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Tag: economic integration

Major setback to Pakistan: Trump administration has proposed a reduction of $190 million in funding

Major setback to Pakistan: Trump administration has proposed a reduction of $190 million in funding

Pakistan
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,” the State Department said in its annual budget proposals sent to the US Congress. In the first budget of the Trump administration, the State Department said that it will continue to maintain a strong diplomatic presence that will facilitate bilateral cooperation...