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HomeWorldPakistanUAE ruler agrees to grant $1b in loan, roll over existing $2b

UAE ruler agrees to grant $1b in loan, roll over existing $2b

  • Prime Minister Shehbaz and UAE President discuss brotherly ties between the two countries countries
  • Both leaders agreed to deepen investment cooperation, stimulate partnerships

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif and Sheikh Mohamed bin Zayed Al Nahyan, President of United Arab Emirates in Meeting in Abu Dhabi on The Thursday it was decided the UAE would roll over existing loan of $2 billion and provide $1 billion in additional credit.

His Highness Sheikh Mohammed bin Zayed welcomed Prime Minister Sharif to Abu Dhabi and wished progress and prosperity for Pakistan. He highly appreciated the historical relations between the two peoples and valuable contributions made Pakistani community in UAE.

The Prime Minister thanked the President of the United Arab Emirates for inviting him to a brotherly country. The two leaders discussed the brotherly relationship that exists between Pakistan and the UAE; and explored ways and means to further strengthen these ties, especially in fields of trade investment and energy.

Prime Minister Shahbaz Sharif arrived earlier. in UAE on two-day official visit to discuss bilateral trade and investments. He was greeted in Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan.

UAE Minister of on Economic Affairs, Abdullah Tuk Al Marr received prime minister and his delegation on them arrival at Abu Dhabi airport.

During the meeting with the President of the UAE, the two leaders discussed the brotherly relationship that exists between Pakistan and the UAE; and explored ways and means to further strengthen these ties, especially in fields of trade investment and energy.

Two leaders also there was an exchange of views on regional and international questions of mutual interest.

Both sides agreed to deepen investment cooperation, stimulate partnerships and create opportunities for investment integration between the two countries. countries.

They are also expressed his satisfaction with in pace of stable progress in bilateral relations. They agreed on importance of enhanced bilateral exchanges and regular dialogue at all levels to further strengthen and boost the relationship.

The President of the United Arab Emirates agreed to curtail over existing loan of $2 billion and provide additional credit of 1 billion dollars.

PM invites Sheikh Mohamed bin Zayed as president for a state visit to Pakistan, to which he agreed. Dates for the issue of the visit will be resolved later through diplomatic channels.

Shahbaz visits Gulf state by invitation of UAE President. this is his third official visit since he took office of prime minister.

The prime minister will also meet with the UAE Prime Minister, Vice President and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum.

During meetings with Emirati businessmen and investors, PM to discuss ways to expand bilateral trade and investments.

UAE home about 1.7 million Pakistanis who Was playing key role in in success story of gulf state for in last five decades, contributing to the progress of prosperity and economic development of two countries.

Saudi Arabia $1 billion announcement

Prime Minister Shahbaz Praises Saudi Arabia for extension support to Pakistan in difficult timesfollowing the country announcement of $1 billion for Pakistan flood relief.

“Pakistan is grateful for in announcement of 1 billion dollars made Prime Minister of Saudi Arabia and Crown Prince of Mohammed bin Salman for rehabilitation of Pakistan flood injured,” he said.

He expressed these views in meeting with Chief Executive Officer (CEO) of Saudi Sultan Al Murshid Foundation, who led a delegation of four.

The Prime Minister said that Pakistan highly appreciates the help of the kingdom. in rehabilitation of flood victims.

During the meeting various development projects of Saudi Arabia in Pakistan were also viewed.

The meeting was attended by Minister of Finance Ishaq Dar, Minister of Justice Nazir Tarar, Adviser to the Prime Minister Ahad Cheema and senior officials.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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