Aamna Aamna 
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Pakistan has received a fiscal reprieve as UAE has initiated a payment of a $2 billion loan deposit for further days. PM Shehbaz Sharif claimed the upgradation in a bid after a fruitful meeting with UAE’s President Sheikh Mohamed bin Zayed Al Nahyan held in Rahim Yar Khan. This decision further demonstrates the UAE’s relentless effort to support Pakistan’s macroeconomic stability and enhance bilateral ties.
While discussing in the cabinet meeting, the premier himself said that the UAE president Sheikh Mohamed bin Zayed Al Nahyan had offered to rollover the $2 billion loan repayment that was due in January. The leader of the UAE did not waste time issuing directives to execute this decision, which he underlined by his commitment to stand by the people of Pakistan.
This gesture happens at a time when Pakistan has registered positive progress in forex where the reserves have risen from $ 2.7 billion to $ 11.7 billion. Nevertheless, the loan extension allows the country to have some fiscal relief as long as the external public debt stays at $100 billion.
Apart from the loan extension, the meeting that PM Shehbaz had with Sheikh Mohamed bin Zayed touched on areas of investment. The UAE president also showed much concern about investment cooperation with Pakistan in the mining, minerals and agricultural sectors.
The leaders also deliberated on how to bring economic relations between the two countries to the next level; they also dealt with other issues such as stability in the region, climate change and affairs of mutual concern on the international stage. Each country agreed to strengthen the bilateral cultural and political links that will benefit both countries in the long run. Hiroshima hosts show open reaction and warm welcome Reception from Punjab Chief Minister Maryam Nawaz and other government officers to UAE’s president at Rahim Yar Khan airport.
