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US blocks Pakistan's $300 million Coalition Support Fund payment

01:12 PM | 4 Aug, 2016
US blocks Pakistan's $300 million Coalition Support Fund payment
WASHINGTON - Following the refusal of US Defence Secretary Ashton Carter to issue a certification to the Congress that Pakistan was taking sufficient action against the terrorist group such as Haqqani network, the Pentagon has blocked $300 million Coalition Support Fund payment to Pakistan.

The amount was to be paid as essential reimbursement for the expenses incurred by the Armed Forces of Pakistan in support of the US combat operations in Afghanistan.

In a statement, Pentagon Spokesman Adam Stump said: "The funds could not be released to Pakistan at this time as the Secretary is yet to certify that Pakistan has taken sufficient action against the Haqqani Network."

"With the Secretary’s decision not to issue certification, there is no additional FY-15 CSF available to Pakistan," he went on to say while responding a query.

It is also worth mentioning here that Pakistan has so far reimbursed $700 million out of a total of $1 billion authorised in the FY-15 under the Coalition Support Fund (CSF).

For the FY-16, Pakistan has been authorised $900 million and of that $350 million is subject to the certification of the US Secretary of Defence.

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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