Pakistan Gets $3.4B in New Quake Aid

aid or loan.. only time will tell !

The world pledged a whopping $3.4 billion in new quake aid for Pakistan at a make-or-break donor conference Saturday, but aid groups warned that much of the promises were loans that will heap more debt on the impoverished country.

Pakistan nonetheless hailed the conference as a success, with President Gen. Pervez Musharraf thanking the nearly 80 attending nations and international agencies for “helping Pakistan in this hour of need.” He said the gesture “will never be forgotten.”

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2 Comments so far

  1. Darwaish (unregistered) on November 20th, 2005 @ 6:46 pm

    it’s actually $5.9 billion in total. 3.4 billion is in form of loan and rest is aid.

    these are just pledges and i really hope they give money as soon as possible AND money reaches the people who need it the most!

    but am impressed by govt’s performance on this issue.. better than expected for a change:)

  2. Karlik1 (unregistered) on March 3rd, 2006 @ 1:55 am


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