US to form consortium for Pakistan's economic aid

NEW YORK: U.S. secretary of state, Condoleezza Rice Friday assured continued U.S. support towards improving the economic condition of Pakistan.

She held out the assurance while talking to media after conclusion of the Friends of Pakistan Conference here which was attended by G-7 countries besides China, Saudi Arabia and UAE.

President Asif Ali Zardari represented Pakistan at the conference.

Condoleezza Rice said a consortium will be formed for financial assistance of Pakistan.

British Foreign Secretary, David Miliband also pledged extension of cooperation towards the economic progress of Pakistan.

President Asif Zardari on the occasion said the next Friends of Pakistan Conference will be held in Abu Dhabi after a month.

“We want to see Pakistan’s economy as stable and strong,” he added.