REMARKS: Deputy Secretary of State Thomas R. Nides Press Statement with Minister Shaikh

June 13, 2011

Islamabad - Good afternoon.  I am glad to be in Pakistan for the actually very first time.   Pakistanis are famous the world over for their hospitality, and I very much appreciate Finance Minister Shaikh's warm welcome.  Thank you, Mr. Minister, for a very very productive meeting.

We recognize the efforts of Minister Shaikh and the entire Government of Pakistan to deal with the serious structural problems that affect your country.  We acknowledge your commitment to work with the international community to orient Pakistan toward financial security and sustainable growth.

The United States has interest in a stable, democratic, and prosperous Pakistan.  This is why we are investing in a better future for the Pakistani people through our civilian assistance and educational programs, among the largest we have in the world.

We have tried to be a good friend to Pakistan. When terrible floods hit your nation last summer, the United States was the first country to provide aid.  We also provided your people with more assistance than any other country.

Today, I am pleased to announce that we have fulfilled a commitment we made to the Pakistani people.  We have transferred the 190 million dollars we pledged last year to the Citizen's Damage Compensation Program.

Let me say what this means in real terms.  This money will go directly to help one million Pakistani families.  It will provide tangible help to the Pakistani children, women, and men in need.  It will help them rebuild their homes, their livelihoods, and hopefully their lives.  There are a number of international partners in this effort.  The United States is giving a significant portion and making good on our promise to help the people of Pakistan. We will work in cooperation with the government to ensure it is spent transparently, honestly, and effectively for the people of Pakistan.

This assistance is funded by the American people.  It demonstrates the commitment of the United States to a comprehensive, long-term cooperation with the Pakistani people.

Again, Mr. Minister, thank you for the warm welcome and the wonderful partnership.