Oddbean

‘China Is Past’: US Seeks Budget Allocation Of $100 Million To Stop Pakistan’s Over Reliance On Beijing ========== The US administration wants to allocate a sum of $101 million for Pakistan to stop its over reliance on China; US Assistant Secretary of State Donald Lu told a congressional panel that the huge sum of money would help Islamabad “strengthen democracy, fight terrorism, and stabilize the country’s economy”; Pakistan has been struggling since the beginning of the current decade to remain stable due to dual challenges put forth by an ongoing economic crisis and a sudden, consistent surge in terrorism; As per data from US agencies from 2023, Pakistan is the third biggest recipient of Chinese development finance worldwide with a portfolio of $70.3 billion; The president’s budget request includes a total of $1.01 billion in foreign assistance for the South and Central Asia region; Recently, CNN-News18 in a recent report said that Islamabad has clear value for Beijing as a source for transporting illicit substances and dual-use technologies to advance its military programs, including potential proliferation #Us #Pakistan #China #BudgetAllocation #ForeignAssistance https://www.news18.com/world/china-is-past-us-seeks-budget-allocation-of-100-million-to-stop-pakistans-over-reliance-on-beijing-8977202.html