Foreign aid useless for Pakistanis
According to media reports, the United States released $1.1 billion to Pakistan from the coalition support fund after the two countries signed an agreement to regulate NATO supplies to Afghanistan. Pakistan will also get extra $84 million after reopening the NATO supply route. Pakistan is one of the largest recipients of U.S. assistance and nearly $3 billion in U.S. aid to Pakistan is planned for year 2012.
True reality is that over the last several years U.S. aid served only the interest of the elite class and corrupt politicians in Pakistan and could not change fortunes of ordinary Pakistani people. Despite large amounts of foreign aid, foreign debts have already reached $62 billion and the country is facing worsening energy and power crises.
Pakistani people believe that large amounts of money have already gone to Swiss Banks through corrupt politicians and Pakistan’s Supreme Court is trying hard to bring back this corruption money but due to a lack of government interest it seems an impossible task.
Instead of providing money to unpopular and corrupt elements, the U.S. should try to make good relations with ordinary Pakistani people. Direct U.S. investment into the energy and power sector can bring better results and also win the hearts and minds of ordinary Pakistani people.
Pakistan is also seeking a role in U.S. and international markets to boost economic activities, especially in the textile sector. Due to worsening peace conditions, the worsening energy crises and failed economic policies, foreign investment has already dried up in the country and unemployment is rising very rapidly.
Now the government is seeking another loan from the IMF on humiliating conditions and despite large amounts of foreign aid ordinary Pakistani people find nothing to improve their lives.
Khawaja Umer Farooq
Jeddah, Saudi Arabia
Email : email@example.com