According to the Indo-Asian News Service:
The Olympic Council of Asia (OCA) Friday decided to lend financial support to some of its National Olympic Committees (NOCs), including Pakistan and North Korea.
OCA president Sheikh Ahmad Al-Fahad Al-Sabah announced the decision at an executive board meeting here.
The OCA will aid the needy NOCs over a period of time. For now, the OCA will help North Korea and the flood ravaged Pakistan.
‘We will work very closely with the International Olympic Committee (IOC). We have asked our finance committee to allocate whatever amount of funds we can give them,’ said Sheikh Ahmad.
‘They are facing crisis and they need our support.’
The OCA along with IOC contributed $100,000 to the Pakistan Olympic Association (POA) earlier to repair the sports infrastrucure damaged in heavy flooding earlier thuis summer.
The executive board approved the initiative, and it brought an emotional response from one of its members – said Syed Arif Hasan, OCA vice president for South Asia and president of the Pakistan Olympic Association (POA).
‘Thank you for your assistance and your words of comfort. I appreciate the great work the OCA is doing under you (Sheikh Ahmad),’ said Arif.
Read the full story here:
OCA to provide financial aid to Pakistan, North Korea
Sify News
11/12/2010
