ISLAMABAD: The United States plans to spend $101 million to strengthen democracy in Pakistan, address the threat of militancy and prevent Islamabad’s reliance on China in fiscal year 2025, said a senior American official who presented a written budget request to the House of Representatives Foreign Affairs Committee on Tuesday.
Budget requests, policy proposals and funding plans are frequently presented by relevant officials to various congressional committees in the US. These testimonies are part of the legislative process and are used to inform and persuade lawmakers about the importance of proposed expenditures and policy directions.
The overall budget proposal of $1.01 billion for South and Central Asia was presented by Donald Lu, the assistant secretary for the region, who said it represented a 1.9 percent decrease from fiscal year 2023.
“On Pakistan, we face ongoing challenges and opportunities,” he told the House Foreign Affairs Committee. “The President’s Budget requests a straight lining of our $101 million Pakistan budget.”
“That money would be used to strengthen democracy and civil society, to fight terrorism and violent extremism, and to support economic reforms and debt management to help stabilize Pakistan’s economy and prevent further overreliance on the PRC [People’s Republic of China],” he continued.
The American official, who was widely blamed by former prime minister Imran Khan’s party for contributing to his administration’s downfall, an allegation denied by Washington, said the US was struggling to compete with China in the region, which is seeking to secure military and commercial footholds in the Indian Ocean.
He also noted that the US administration had to “live in a world of constrained budgets.”
“Our most effective strategy to counter an assertive PRC is to demonstrate that we have something better to offer — better development opportunities, better commercial deals, and better solutions for their security challenges,” he added.
US allocates $101 million to counter Pakistan’s ‘overreliance’ on China, ‘strengthen democracy’
https://arab.news/vj6jy
US allocates $101 million to counter Pakistan’s ‘overreliance’ on China, ‘strengthen democracy’
- Donald Lu says US will also use the money to stabilize Pakistan’s economy, deal with militancy issue
- He maintains the US is living in a ‘world of constrained budgets’ while dealing with an ‘assertive’ China
Pakistan sells Multan Sultans for record $8.7 million ahead of PSL 11th edition
- New owner Walee Technologies plans to change franchise’s name to Rawalpindi
- PCB chairman says ‘Multan Sultans still dear to my heart, will think of something’
ISLAMABAD: The Pakistan Cricket Board (PCB) on Monday sold Pakistan Super League (PSL) franchise Multan Sultans for a record Rs2.45 billion ($8.7 million), ahead of the 11th edition of the Twenty20 tournament.
The 11th edition of the tournament will kick off on March 26, the Pakistan Cricket Board (PCB) announced on Friday, which will feature eight franchises competing across multiple venues.
The previous owner of Multan Sultans, Ali Tareen, announced in Dec. he was walking away from the ownership of the franchise. The PCB said earlier said it will run the Multan Sultans team for the 11th edition before looking for a potential buyer.
Walee Technologies, which specializes in media, finance and technology, bought the rights for the franchise for $8.7 million at an auction held in Lahore, with local media reporting the new owner planned to change its name to Rawalpindi.
“I cannot ask the person paying Rs2.45bn to keep the name Multan Sultans,” Naqvi told reporters after the auction. “Multan Sultans is still dear to my heart, but we will think of something.”
Walee Technologies was among five bidders that participated in the auction, which came a month after Hyderabad and Sialkot joined the PSL 11th edition.
FKS, an aviation and health care conglomerate based in the US who also run the Chicago Kingsmen team, bought the Hyderabad franchise for a whopping Rs1.75 billion ($6.2 million). The other winner was OZ
Developers, a real estate consortium, which bought the Sialkot franchise for Rs1.85 billion ($6.55 million) at the auction.
The PSL has become a key pillar of the country’s cricket economy, providing financial stability to the PCB and serving as a talent pipeline for the national team.
The league, which features a mix of local and international players, already had six city-based teams, including Karachi Kings, Multan Sultans, Lahore Qalandars, Islamabad United, Peshawar Zalmi and Quetta Gladiators.










