Staff Report
ABU DHABI: The President of the United Arab Emirates (UAE) agreed to roll over the existing loan of US$ 2 billion and provide a US$ 1 billion additional loan to Pakistan to overcome the economic crisis.
Pakistan’s Prime Minister Muhammad Shehbaz Sharif met Sheikh Mohammed bin Zayed Al Nahyan, President of UAE, in Abu Dhabi here on Thursday.
Sheikh Mohamed bin Zayed welcomed PM Sharif to Abu Dhabi and wished prosperity and progress for Pakistan. He appreciated the historical relations between the two brotherly nations and the valuable contributions made by the Pakistani diaspora in the UAE.
PM Sharif thanked the UAE President for extending him the invitation. The two leaders discussed in detail the fraternal relations existing between the UAE and Pakistan.
They explored means and ways to further strengthen these relations, especially in the fields of energy, trade, and investment. Both leaders also exchanged views on international and regional issues of bilateral interest.
Pakistan, UAE agree to deepen investment cooperation
Both sides agreed to strengthen investment cooperation, stimulate partnerships and enable investment integration opportunities between the two nations.
They also expressed satisfaction with the pace of steady progress in bilateral ties. They agreed on the significance of enhanced bilateral exchanges and regular dialogue at all levels to solidify further and provide momentum to the bilateral relationships.
The President of the UAE, Sheikh Mohamed, agreed to roll over the existing loan of US$ 2 billion and provide a US$ 1 billion additional loan to Pakistan.
PM Sharif invited the UAE President, Sheikh Mohamed Bin Zayed, for a state visit to Pakistan. Sheikh Mohamed accepted the invitation. The dates for the visit will be decided through diplomatic channels.
