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PM boasts of stability after UAE agrees to $2bn rollover
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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
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