login
who are we?
contact us
qosheapp
Toi Staff
Tarik Cyril Amar
Jeffrey Bernstein Ph.d
Gideon Levy
Maryam Aldossari
Jennifer Gerlach Lcsw
Belen Fernandez
Sabine Kinkartz
Maximilian Hess
Leonid Ragozin
Rachel Marsden
PM boasts of stability after UAE agrees to $2bn rollover
• Premier informs cabinet of his ‘constructive’ meeting with Zayed Al Nahyan
• ‘Comprehensive’ meeting on reducing power prices to be held this week
• Halal meat, rice exports on the agenda as Indonesian president due in Islamabad
• Cabinet moves to safeguard FBR data, declares its infrastructure critical
ISLAMABAD: Prime Minister Shehbaz Sharif revealed on Tuesday that the United Arab Emirates (UAE) has decided to roll over a $2 billion debt due this month, providing critical financial relief to Pakistan.
In his televised opening remarks at a federal cabinet meeting that he chaired, the prime minister apprised the members of his “positive and constructive” meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Rahim Yar Khan. They discussed ways to further strengthen bilateral ties and investment cooperation.
According to the premier, the UAE president emphasised moving swiftly on the investment projects and expressed his country’s commitment to enhancing its long-standing partnership with Pakistan. During their one-on-one meeting, the UAE president announced the debt rollover.
PM Shehbaz emphasised the need for sustained efforts to stabilise the economy and rebuild the country’s global standing. “Due to our collective efforts, the economy is stabilising. We will........
© Dawn Business
visit website