EU pledges $260M aid for Pakistan

The European Commission looks to send ?200 million ($260 million) in aid to Pakistan over four years. “We have proposed to significantly step up our assistance to Pakistan in the next years,” said Commissioner for External Relations and Neighbourhood Policy Benita Ferrero-Waldner, who presented the plan to Pakistani Prime Minister Shaukat Aziz in Brussels. “The overall aim of European Commission operations in Pakistan is to fight poverty and to help Pakistan in following a sustainable growth path and a stable development,” Ferrero-Waldner further remarked. The funding will be used for rural development projects in the North West Frontier Province and Baluchistan as well as improve education and human resource development in the country.

Source: EU offers 200 million euros aid package to Pakistan (AFP)

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