Monday, November 12, 2007

Its Business as usual -Pakistani Forces gets $300 million from US in 2007

US stays firm on Pakistan FMF despite Emergency
06 November 2007

The United States is set to continue to provide Foreign Military Financing (FMF) to Pakistan, whose president Pervez Musharraf declared a state of emergency on 3 November.
Pakistan received USD300 million in 2007 from the US' FMF scheme, which stipulates that the funds must be spent on US equipment under the US Foreign Military Sales programme. The same amount has been allocated for 2008.
The procurement funds, which are linked to the US' endorsement of Pakistan's role in the 'war on terror', represent nearly one half of total funding under a five-year financial package worth USD3 billion agreed in 2005.
Speaking on the day of the declaration, a spokesman for the US Department of Defense (DoD) said that the state of emergency would not affect the military funding.
"At this point, the declaration does not impact on our military support for Pakistan's efforts in the 'war on terror'... Obviously, the stakes are high there. Pakistan is a very important ally in the 'war on terror'."

1 comment:

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