UAE agrees to rollover present $2bn mortgage, lend $1bn extra to Pakistan

Prime Minister Shehbaz Sharif meets UAE President Sheikh Mohamed bin Zayed in Abu Dhabi. — APP

ABU DHABI: Prime Minister Shehbaz Sharif on Thursday met UAE President Sheikh Mohamed bin Zayed Al Nahyan whereby the latter agreed to rollover an present mortgage of US$2 billion and supply an extra mortgage of US$1 billion, Federal Info Minister Marriyum Aurangzeb shared.

Within the assembly that befell in Abu Dhabi through the premier’s two-day go to, each side agreed to deepen funding cooperation, stimulate partnerships and allow funding integration alternatives between the 2 nations.

Sheikh Mohamed bin Zayed welcomed PM Shehbaz to Abu Dhabi and wished progress and prosperity for Pakistan.

He praised the historic relations between the 2 nations and the precious contributions made by the Pakistani group within the UAE, the data minister wrote on Twitter.

The prime minister thanked the UAE president for inviting him to the brotherly nation.

The 2 leaders mentioned the fraternal relations present between Pakistan and the UAE and explored methods and means to additional strengthen these ties, particularly within the fields of commerce, funding and vitality.

The 2 leaders additionally had an change of views on regional and worldwide problems with mutual curiosity.

In addition they expressed satisfaction over the tempo of regular progress in bilateral relations.

They agreed on the significance of enhanced bilateral exchanges and common dialogue in any respect ranges to additional solidify and supply momentum to the connection.

Prime Minister Shehbaz Sharif invited Sheikh Mohamed Bin Zayed for a state go to to Pakistan to which he agreed. The dates shall be determined by way of diplomatic channels.

Forward of his departure to the UAE, PM Shehbaz, in a tweet, had stated each Pakistan and the UAE share a resolve and understanding that steady efforts should be made to additional strengthen commerce, funding and financial relations.

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