To: Victor Lazlo who wrote (133260 ) 10/22/2001 12:26:29 AM From: H James Morris Read Replies (1) | Respond to of 164684 Vic, what has Pakistan ever done for America? >Pakistan's Finance Minister Shaukat Aziz says he estimates the crisis in Afghanistan could cost his country up to $2.5bn dollars. He was speaking after a three-hour meeting with US Secretary of State for Economic Affairs, Alan Larson. Mr Aziz says their main discussion was about relieving Pakistan's huge foreign debt which runs at more than $30bn. Ever since Pakistan pledged its full cooperation for the American led coalition, it has received praise and promises of financial support from many governments. Many in Pakistan fiercely oppose the government's support of the US Mr Aziz said the government was not looking for rewards, but he did emphasise that the crisis could cost the country dearly - possibly up to $2.5bn dollars in this financial year. The minister said exports of textiles, carpets and other goods have been hit, as consumer confidence had dropped, and consumption inside Pakistan had also fallen. He said they also expected foreign investment to go down, and privatisation plans to be delayed. Debt relief A large proportion of the annual budget is taken up with interest payments on foreign debt. Mr Aziz said most of his talks with Mr Larson focused on debt relief, but there were no more details. Alan Larson: Long-term commitment The minister said any debt relief would give them more scope to spend on education, health and other social services. The United States has already lifted sanctions imposed after Pakistan¿s 1998 nuclear tests. Mr Larson told journalists Pakistan had a huge potential to become a dynamic economy. Some have expressed fears that the US might abandon Pakistan once the current crisis is over. But Mr Larson stressed it was a long-term commitment.