are a major disincentive to the global aviation industry and put air connectivity at risk.
The ministry in charge stated that the blocked funds
can not be withdrawn and are only a guarantee that students have enough cash to cover their expenses.
The agenda for the meeting includes amendment of the Sindh Technical Education and Vocational Training Act, 2009, nomination of a dean for Karachi University and the approval for provision of the blocked funds
for the Sindh Government Children's Hospital, operating under public-private partnership (PPP) modality.
The decision to allow Cairo to use the previously blocked funds
is intended to recognize "steps Egypt has taken over the last year in response to specific U.S.
But we are encouraged by the recent developments in Nigeria and Angola, and hope other states will also move quickly to address blocked funds
," de Juniac said.
KOHAT -- The nazims' alliance of union councils of southern districts of Khyber Pakhtunkhwa has demanded release of blocked funds
of the current fiscal year and powers envisaged under the local bodies law.
Islamabad -- The Chinese government has temporarily blocked funds
allocated for the construction of roads under China Pak Economic Corridor (CPEC).
Iran accounts for 87 percent of the blocked funds
. Another 10 percent belongs to Cuba and will be unblocked soon as it has been dropped from the list of state sponsors of terrorism.
Without the FMF allocation, the price tag for the eight F-16 fighter aircraft would increase by two-and-a-half times the original cost, after the US Congress blocked funds
for Pakistan to purchase F-16 fighter planes and asked to review the price.
Based on the JPA, $11.2bln of Iranian blocked funds
should be released in three phases, $4.2bln of which were released in the first phase in eight installments from February 1st to July 20th, the Iranian students' news agency reported.
New Delhi: India paid a second instalment of $550 million in oil dues to Iran yesterday under an interim deal that has allowed Tehran access to $4.2 billion in blocked funds
globally, two industry sources said.