Economics & Business Pak Affairs

British government to provide £ 30 million in aid to Pakistan

The British government has finalized to provide 30 million Pound Sterling as budgetary support to Pakistan before the end of the current financial year. This was stated by British High Commissioner Robet Brinkley during a meeting with Finance Minister Senator Ishaq Dar here on Thursday.

Robert Brinkley said that British would raise its assistance to Pakistan to Pound Sterling 480 million gradually over three years under arrangements between the two governments for long term development partnership. The assistance would be utilized for reducing poverty, improving financial management and fortifying the principles of democracy, he clarified.

Dar and Brinkley also discussed economic cooperation for high quality technical capacity development, reducing poverty, strengthening financial management and accountability, increasing incomes of the poor, service delivery in education and health under countries assistance plan to achieve Millennium Development Goals consistent with PRSP and MTDF was also discussed. Ishaq Dar emphasized the need for DFID to expand their operation to other parts of the country especially far flung areas of Balochistan, Sindh and FATA under the upcoming country assistance plan.

He informed the British High Commissioner that his team was in the process of formulating tools of financial management to induct transparency in the system. He said that a council of economic experts would work on mechanism of targeting pro-poor measures. Pakistan also sought British assistance for evolving coherent, uniform and credible system of compiling statistics for the next census.

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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