implementing foreign assistance
programs have long evaluated the
to Pakistan, and given to the victim's family, reports The News.
The data indicated that the Kingdom's budget deficit would stand at JOD483 million if foreign assistance
ISLAMABAD -- The government has set the national development outlay for 2019-20 at Rs1.837 trillion, including foreign assistance
of Rs237 billion.
The allocated funds include Rs3.40 billion foreign assistance
and Rs10.06 billion as local component.
Now, the government needs to focus on creating avenues for boosting its foreign income through higher exports and attracting more remittances to avoid reliance on foreign assistance
and loan programmes in the long run.
Increase in foreign assistance
builds strong economic, political and socio-cultural bonds between the developed and developing nations.
The meeting was told that after a suspension period of six months, approval to 21 development schemes with an estimated foreign assistance
amounting to Rs 5.6 billion has been approved.
'A country will be a candidate country in the low-income category for fiscal year 2019 if it has a per capita income that is not greater than the World Bank's lower middle-income country threshold for such fiscal year ($3,895 gross national income per capita for fiscal year 2019); is among the 75 countries identified by the World Bank as having the lowest per capita income; and is not ineligible to receive United States economic assistance under Part I of the Foreign Assistance
Act of 1961, as amended (the Foreign Assistance
Act), by reason of the application of the Foreign Assistance
Act or any other provision of law,' MCC said.
is a major source of financing to overcome the financial crunch and manage debt obligations.
Pakistan provisionally received over $820 million of estimated foreign assistance
in the first two months (July-August) of the current fiscal 2018-19 against $709.22 million during the corresponding period last year (2017-18).