Post by Tim Collins on Sept 27, 2009 6:23:18 GMT -7
Where will this money come from?
www.dailytimes.com.pk/default.asp?page=2009%5C09%5C26%5Cstory_26-9-2009_pg5_4
Businessmen hail tripling of US non-military aid to Pakistan
ISLAMABAD: The business community on Friday commended upon the US Senate vote to triple non-military aid to Pakistan to roughly $1.5 billion per annum until 2014.During a meeting held in Islamabad Chamber of Commerce and Industry, they said this crucial move of the US would provide a much needed long-term financing to Pakistan's economy.
They said it would further strengthen the trust and cooperation between the two countries as well as providing new impetus to Pakistan to fight against extremism with more commitment.
They were of the view that Pakistan's economy has suffered badly due to becoming a frontline state against war on terror. They termed the passage of Kerry-Lugar bill from US Senate a positive step forward to compensate Pakistan to some extent for its economic losses.
Chairing the meeting, President ICCI, Mian Shaukat Masud said the passage of legislation sponsored by senators John Kerry and Richard Lugar would pave way for a stimulating economy and boost business activities in Pakistan. It would also restore the confidence of investors in Pakistan's economy, he added.
The aid had come at a right time when the economy was showing positive signals and hoped that it would be used wisely for economic development and to mitigate the despair and deprivation that had given rise to extremism.
The success of Pakistan against war on terrorism would not only be the success of a country; rather it would be the success of the world community at large, as it would enhance their sense of security. He stressed upon the world community to further strengthen Pakistan as only a stable and prosperous country could fight effectively against terrorists and could provide greatest hope to world against the spread of extremism and terrorism.
The ICCI chief also called upon the British Prime Minister, Gordon Brown to come up with similar good gestures for Pakistan by relaxing visa restrictions to Pakistani entrepreneurs. Due to tough visa conditions of UK, he said Pakistani businessmen were facing problems in visiting United Kingdom for exploring business prospects. He said enhancing direct interactions between the business communities was the best option to improve Pakistan's economy and urged UK to ease its visa procedures to facilitate businessmen of both countries to explore news areas of common interest. staff report
www.dailytimes.com.pk/default.asp?page=2009%5C09%5C26%5Cstory_26-9-2009_pg5_4
Businessmen hail tripling of US non-military aid to Pakistan
ISLAMABAD: The business community on Friday commended upon the US Senate vote to triple non-military aid to Pakistan to roughly $1.5 billion per annum until 2014.During a meeting held in Islamabad Chamber of Commerce and Industry, they said this crucial move of the US would provide a much needed long-term financing to Pakistan's economy.
They said it would further strengthen the trust and cooperation between the two countries as well as providing new impetus to Pakistan to fight against extremism with more commitment.
They were of the view that Pakistan's economy has suffered badly due to becoming a frontline state against war on terror. They termed the passage of Kerry-Lugar bill from US Senate a positive step forward to compensate Pakistan to some extent for its economic losses.
Chairing the meeting, President ICCI, Mian Shaukat Masud said the passage of legislation sponsored by senators John Kerry and Richard Lugar would pave way for a stimulating economy and boost business activities in Pakistan. It would also restore the confidence of investors in Pakistan's economy, he added.
The aid had come at a right time when the economy was showing positive signals and hoped that it would be used wisely for economic development and to mitigate the despair and deprivation that had given rise to extremism.
The success of Pakistan against war on terrorism would not only be the success of a country; rather it would be the success of the world community at large, as it would enhance their sense of security. He stressed upon the world community to further strengthen Pakistan as only a stable and prosperous country could fight effectively against terrorists and could provide greatest hope to world against the spread of extremism and terrorism.
The ICCI chief also called upon the British Prime Minister, Gordon Brown to come up with similar good gestures for Pakistan by relaxing visa restrictions to Pakistani entrepreneurs. Due to tough visa conditions of UK, he said Pakistani businessmen were facing problems in visiting United Kingdom for exploring business prospects. He said enhancing direct interactions between the business communities was the best option to improve Pakistan's economy and urged UK to ease its visa procedures to facilitate businessmen of both countries to explore news areas of common interest. staff report