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HomeNewsUnited Arab Emirates has delayed payment of $2 billion loan to Pakistan.

United Arab Emirates has delayed payment of $2 billion loan to Pakistan.

Abu Dhabi (Shadesofgalaxy News Latest. January 12, 2023) The United Arab Emirates has postponed the payment of 2 billion dollars of Pakistan’s debt. In a meeting with the Prime Minister, the President of the United Arab Emirates also agreed to give an additional loan of 1 billion dollars. . According to media reports, Prime Minister Shahbaz Sharif met with the President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, in which the Emirati President agreed to roll over the current debt of 2 billion US dollars. and provided an additional $1 billion in debt. Meanwhile, they expressed satisfaction over the continuous progress in bilateral relations while agreeing on the importance of mutual exchanges and regular discussions at all levels to further strengthen and give momentum to the relationship.

It has been reported that in the meeting, Prime Minister Shahbaz Sharif invited the President of the United Arab Emirates, Sheikh Muhammad bin Zayed Al Nahyan, to pay an official visit to Pakistan, to which he agreed, but the dates of the visit will be determined through diplomatic sources. The President should visit Pakistan soon after the date of the visit is fixed.

Earlier, the Prime Minister arrived in Abu Dhabi on a 2-day visit to the United Arab Emirates. At the airport, the Minister of Economic Affairs of the Emirates Abdullah Touq Al Marri and the officials of the Pakistani Embassy welcomed the Prime Minister. He will also meet the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. While the Prime Minister will also meet Emirati businessmen and investors to promote trade and investment.

It is learned that during the visit, discussions will be held with the UAE on further investment in various sectors, Emirati businessmen, investors will be attracted to do more business and investment in Pakistan, Pakistani people will be skilled and educated. will be made. It will focus on energy consumption and supply opportunities, while significant developments are also likely to increase bilateral trade volumes between the two countries.


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