US Cuts💰 $440 Million Financial Aid To Pakistan:🗣 Report

  |   World News

The United States slashed the aid to Pakistan by nearly $440 million, bringing down its commitment to just $4.1 billion.

The aid was disbursed under Pakistan Enhanced Partnership Agreement (PEPA) 2010, reported Express Tribune.

The US apprised Pakistan Prime Minister Imran Khan about its decision to cut aid three weeks before his planned visit to Washington.

Notably, the PEPA was signed in September 2010 to make operational the Kerry Lugar Berman (KLB) Act that was passed by the US Congress in October 2009 to disburse $7.5 billion to Pakistan over a period of 5 years.

Earlier the aid under the KLB stood at nearly $4.5 billion. Following the cut, the aid will come down to $4.1 billion.

Last year in September, the United States'' military cancelled the financial aid worth $300 million to Pakistan due to the growing concerns regarding Islamabad's failure to tackle terrorism.

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