US$ 352 million Coalition Support Fund released to Pakistan

Islamabad, February 11, 2014 (PPI-OT): US Ambassador to Pakistan Mr. Richard G. Olson called on the Finance Minister Senator Mohammad Ishaq Dar this afternoon at the Finance Ministry and discussed matters of bilateral economic interest.

The Finance Minister briefed the US Ambassador about the recently concluded review meetings with the IMF as well as his meetings with UAE leadership and Etisalat management.

Regarding the Coalition Support Fund (CSF), the Finance Minister thanked the US Government for disbursing the tranche of $352 million for the January-March 2013 quarter and requested early processing and disbursement of remaining tranches.

Mr. Olson assured the Finance Minister that the US wants to further improve its friendly relations with Pakistan and assured that the US will expedite the process of payment of the remaining amount of the CSF. The two also discussed the upcoming meeting of the Economic Working Group scheduled to be held in Washington in the second week of April.

Mr. Olson informed the Finance Minister that a four member delegation of Congress Defence Committee are visiting Pakistan later during the week and would like to meet the Finance Minister. The Finance Minister said he would welcome the Congressmen.

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