BusinessPakistanPolitics

UAE provides much-needed economic relief to Pakistan

UAE President Sheikh Mohamed bin Zayed has agreed to roll over the existing loan of $2 billion and provide an additional $1 billion loan to Pakistan in a meeting with Prime Minister Shehbaz Sharif, Information Minister Marriyum Aurangzeb announced Thursday.

The prime minister hold talks with the UAE president in Abu Dhabi today with a particular focus on advancing economic, trade and investment ties between the two brotherly countries and creating increased opportunities for the Pakistani workforce in the UAE.

This is the third visit of Shehbaz Sharif to the UAE after assuming the office of prime minister.

“His Highness Sheikh Mohamed bin Zayed welcomed Prime Minister Sharif to Abu Dhabi and wished progress and prosperity for Pakistan,” Marriyum Aurangzeb said while sharing details of the meeting between them.

Sheikh Mohamed bin Zayed praised the historical relations between the two nations and the valuable contributions made by the Pakistani community in the UAE.

The premier thanked the UAE president for inviting him to the brotherly country.

“The two leaders discussed the fraternal relations existing between Pakistan and the UAE; explored ways and means to further strengthen these ties, especially in the fields of trade, investment and energy.”

Sheikh Mohamed Bin Zayed also agreed to a state visit to Pakistan at Shehbaz Sharif’s invitation. The dates of the visit will be decided through diplomatic channels.

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