US releases $1.1bn for Pak under CSF -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

US releases $1.1bn for Pak under CSF

WASHINGTON: The United States has released $1.1 billion to Pakistan under Coalition Support Fund (CSF) amid signing of Memorandum of Understanding (MoU) by the two countries regarding restoration of Nato supplies.

The money, from a US ‘CSF’ designed to reimburse Pakistan for the cost of counter-insurgency operations, had been withheld due to tensions between the two countries and Islamabad’s closure of the supply routes.

Earlier, the MoU was signed by US Charge D’Affaires Richard Hoagland and Additional Secretary of Defense Ministry Rear Admiral Farrokh Ahmad in Rawalpindi.

The accord became operational after formal signing by the two countries. It will be effective till December 31, 2015 and could be extended for one year after consultations.

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