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| US to direct $500 mn to help Pak |
| US to direct $500 mn to help Pak recover from floods
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| UNITED STATES OF AMERICA
, 16-November-2010
4:12:2 AM |
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US will direct one third of funds, about USD 500 million, under the Kerry-Lugar-Berman (KLB) Act to Pakistan for the reconstruction and rehabilitation areas affected in the country's worst ever flood.
"I am pleased. The US will commit USD 500 million of the first year of Kerry-Lugar-Berman funds -- one third of our civilian assistance budget for Pakistan -- to benefit flood victims during the critical recovery and reconstruction process," Senator John Kerry, Chairman of the powerful Senate Foreign Relations Committee, said.
"As I saw firsthand during my visit to flood-affected areas in August, Pakistan has suffered its worst natural disaster in modern history. The danger of the floods extends beyond a very real humanitarian crisis, with long-lasting consequences for the country and the region," Kerry said.
The Senator termed KLB aid package as a "cornerstone" and said Obama administration has made a long-term commitment to stand by the people of Pakistan as they overcome the political, economic and security challenges
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