UAE to lend Pakistan $1 billion, agrees to roll over existing $2-billion loan

 


The UAE has agreed to roll over Pakistan’s $2-billion existing loan and said it will provide additional $1 billion that will help boost the shrinking foreign exchange reserves of the country.



Sheik Mohamed container Zayed invited Sharif to the UAE Capital and wished advance and thriving for Pakistan. He lauded the authentic relations between the two countries and the profitable commitments made by the Pakistani community within the Emirates. The prime serve said thanks to the UAE President for welcoming him to the country. The two pioneers examined the friendly relations between Pakistan and the UAE; and investigated ways and implies to encourage strengthen these ties, particularly within the areas of exchange, venture, and vitality.



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

They also expressed satisfaction with the pace of steady progress in bilateral relations. They agreed on the importance of enhanced bilateral exchanges and regular dialogue at all levels to further solidify and provide momentum to the relationship.

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