Pakistan seeks $6 billion financial assistance package from the UAE

$6 billion financial assistance package has been sought by Pakistan from the UAE. In order to meet the financial needs of the present fiscal year help in shape of cash deposits and oil on deferred payments is sought from neighboring friendly nations.

Highly placed government sources said, “In case of an agreement, Prime Minister Imran Khan may fly to the Emirates after the upcoming visit of China.”

During the minister-level talks held at PM office, both the UAE and Pakistan had a fruitful discussion. Minister of State and Chief Executive Officer of Abu Dhabi National Oil Company Dr. Sultan Aljaber led the UAE delegation on its visit to Pakistan. On the directions of the UAE Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan, the delegation visited Pakistan. Earlier on September 19th Prime Minister Imran Khan met the UAE Crown Prince on his visit to Abu Dhabi. Both the leaders decided to strengthen their economic and political ties.

Minister for Information and Broadcasting Fawad Chaudhry said, “The UAE is a very dear friend and has always helped Pakistan.”

However, he did not reveal any details of any possible assistance package by UAE for Pakistan.

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Furthermore, UAE and Pakistan have also laid to rest a 10 years old dispute over $800 million payments that Etisalat owed to Pakistan.

Recently Saudi Arabia has also agreed to give Pakistan $3 billion with the State Bank of Pakistan and $3 billion worth oil on deferred payments facility