As assignment in Kathmandu Nepal edited this news of Business Recorder: http://www.businessrecorder.com/

US announces $12 million for Boulton Market rehabilitation
RECORDER REPORT KARACHI (January 07 2010): The first tranche worth around $180 million of the Kerry-Lugar package reaches in the treasury of Pakistan government.
Much awaited and debated amount came somewhat late but would help the Bolton market recently burnt in Karachi after a bomb blast. US Ambassador Anne W Patterson after announcing a $12 million or one-billion-rupee would go for victims of Boulton Market arson .

Under this assistance, US would provide Pakistan civilian aid of $7.5 billion over next five years. The fund but would also provide managerial and organisational support to ensure its transparent use. Kerry-Lugar bill legislation sparked controversy at the institutional-level in Pakistan in past few months.

Washington had provided the government institutions for undertaking various projects like $80 million given to Higher Education Commission, $40 million for the vocational training center and around $60 million in connection with the rehabilitation of internally displaced persons (IDPs) of Swat.

"This is the first down payment under the Kerry-Lugar Bill," she said expressing her eagerness to correct the media record of US' taxpayers' money being used in a wide-ranging area in Pakistan in the shape of aid and assistance. Us Ambassador said, the losses in the lbladt and afterwards have gone beyond damage to property and businesses.

"So the American Business Council has proposed that we also work on a programme to help the victims of the violence and families left without wage earners. I have asked that my staff also work with the Council on an assessment of the damage done by the attack to help facilitate a speedy mobilisation of the US and others' support to victims of this tragedy," Ambassador said.

News Source: http://www.businessrecorder.com/