Shaukat Aziz

Pervez Musharraf.

April 29: –– A $701 million aid package for the coming year reached Congress from the White House for Pakistan, part of the $3 billion committed by President Bush in Camp David last June when he met President Pervez Musharraf. “In the current fiscal year, $480 million of our debt will be waived by the U.S. administration which will reduce our debt to $1.6 billion from $2.1 billion,” Pakistan Finance Minister Shaukat Aziz told Daily Times on his return home from the U.S. The $701 million package includes $302 million for military support, $300 million for economic support, $52 million for health and development spending, $40 million for narcotics control and $7 million for anti-terror and border security, according to the Daily Times. The total $3 billion package spreads over five years and contains half economic and half military assistance.