"Our total income is $240 billion and we have to repay $125-130 billion," the secretary added. He said Pakistan received foreign assistance of $1.2 billion from July to December 2011 against the estimates of $3.7 billion made in the federal budget for FY12.
"Out of total foreign assistance of $1.2 billion received during the first six months of the current fiscal year, $552.5 million were received from the bilateral donors while $635 million from the multilateral donors. During the same period last fiscal year total foreign assistance received from July-December 2010 stood at $679.2 million, which shows that the assistance received this year is more than the last year," Secretary EAD added.
During first six months of 2011-12, the Asian Development Bank (ADB) disbursed $237 million, the World Bank $229 million, China $323 million while Japan released $101 million. While responding to an abjection raised by Sufyan Yusaf, MNA, the Secretary claimed that the assistance received from the US from July -December 2011 is very less than the assistance received during the same period last year. "From July-December 2011, the US released $40.9 million, while it disbursed $125.8 million during the first six months of the last fiscal year," he added.
From July-December 2011, Australia released $0.1 million, France $1.6 million, Germany $19.7 million, Korea $101.2 million, Saudi Arabia $49.7 million, and the UK 4 5.1 million. Pakistan is going to become the world''s largest recipient of the UK assistance as it was going to enter a programme of 1.3 billion pounds for the next five years.
Secretary EAD said since 2005, Saudi Arabia disbursed $442 million against the pledged amount of $1.1 billion. Kuwait disbursed $108 million against the pledged $247 million. South Korea disbursed $18 million against $261 million pledged amount. Turkey $16 million against the pledged $100 million. Iran disbursed nothing, but pledged $330 million. He said the EAD has not given any money to Sui Northern Gas Pipelines (SNGPL) for last 10 years, while Nadra has been provided $10 million grant by the World Bank under Citizen''s Damage Compensation Programme (CDCP).