UAE agrees to roll over existing loan of $2bn, provide $1bn additional loan to Pakistan

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admin 12 January, 2023
Updated 2023/01/12 at 11:04 AM
2 Min Read
Screenshot 25
Screenshot 25

Prime Minister Shahbaz Sharif invites UAE President Sheikh Mohamed Bin Zayed for state visit to Pakistan

ABU DHABI: Prime Minister Shehbaz Sharif on Thursday met UAE President Sheikh Mohamed bin Zayed Al Nahyan in which the latter agreed to roll over an current mortgage of US$2 billion and provide an extra loan of US$1 billion, Federal Information Minister Marriyum Aurangzeb shared.

In the meeting that occurred in Abu Dhabi throughout the most reliable’s -day visit, both facets agreed to deepen investment cooperation, stimulate partnerships and permit funding integration possibilities among the 2 nations.

Sheikh Mohamed bin Zayed welcomed PM Shehbaz to Abu Dhabi and wished progress and prosperity for Pakistan.

He praised the ancient family members among the 2 international locations and the treasured contributions made with the aid of the Pakistani community inside the UAE, the facts minister wrote on Twitter.

The top minister thanked the UAE president for inviting him to the brotherly u . S ..

The two leaders discussed the fraternal family members current between Pakistan and the UAE and explored approaches and way to similarly strengthen these ties, especially within the fields of alternate, funding and strength.

The leaders also had an alternate of perspectives on local and international problems of mutual hobby.

They also expressed delight over the tempo of consistent development in bilateral family members.

They agreed on the importance of more desirable bilateral exchanges and everyday speak at all stages to in addition solidify and provide momentum to the connection.

Prime Minister Shehbaz Sharif invited Sheikh Mohamed Bin Zayed for a kingdom visit to Pakistan to which he agreed. The dates could be determined through diplomatic channels.

Ahead of his departure to the UAE, PM Shehbaz, in a tweet, had said each Pakistan and the UAE proportion a resolve and know-how that continuous efforts want to be made to in addition improve exchange, funding and financial relations.

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