Faculty / School

Faculty of Business Administration (FBA)

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

1-22-2012

Author Affiliation

Dr. Ishrat Husain is Dean and Director at Institute of Business Administration, Karachi.

Conference Name

Stanford US-Pakistan Economic Dialogue

Conference Location

Palo Alto

Conference Dates

January 22-24, 2012

Series

Faculty Research - Book Chapters and Conference Papers

First Page

1

Last Page

4

Keywords

U.S.-Pakistan economic relations, Foreign aid effectiveness, Development assistance, Bilateral trade and investment

Abstract / Description

Pakistan – US relations suffered several major setbacks in 2011. A Parliamentary review under way will define the new terms of engagement. Along with this review, a reassessment of the economic relations between the two countries is also called for. The main instrument of economic ties is bilateral official aid for which the US Administration persuaded the Congress to approve the Kerry-Lugar Bill amounting to US $7.5 billion over a five year period. However, right from the beginning, skepticism has been expressed in Pakistan as the bill had political conditions built into it, the mode of delivery of assistance was unclear and there is in general reservation about the effectiveness of aid. The U.S. Congress, implicitly harboring a mistrust of government executing agencies in Pakistan, tightened the conditions under which aid could be disbursed, placed stringent monitoring and certification requirements and arrogated the power of allocation of aid resources among different uses to itself.

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