US releases first CSF instalment

ISLAMABAD - Following the reopening of Nato supply routes, the US has released the first instalment of Coalition Support Fund, sources said on Tuesday.
Sources said the Finance Ministry would receive $1.10 billion within next couple of days that would give boost to country’s foreign exchange reserves.
Pakistan had claimed $2.50 billion as war-related expenses against terror; the US, however, failed to make payment since May 2, 2011 Abbottabad raid that killed Osama bin Laden.  Officials said the government had also estimated an income of $80 million relating to the CSF in the last fiscal year. However, the US did not clear the bills after Salala attack and Pakistan’s blockade of Nato supplies to Afghanistan.

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