Islamabad: The United Arab Emirates (UAE) on Thursday agreed to roll over the existing $2 billion debt in much-needed financial help. In addition to announcing the rollover, the Gulf country announced a loan of $1 billion. The announcement was made by UAE President Sheikh Mohammad bin Zayed Al-Nahyan at a meeting with Prime Minister Shehbaz Sharif.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

UK marine agency reports ‘incident’ off Oman coast

The UK Marine Trade Operations agency reported an “incident” off the coast…

HEC announces foreign scholarship

Islamabad: The Higher Education Commission (HEC) announced the Stipendium Hungaricum Scholarship Programme…

Israeli govt, opposition hold talks on judicial reforms

Israel’s far-right government and the two main centrist opposition parties held a…

International maritime body calls for release of crew held by Houthis

The secretary general of the International Maritime Organisation has reiterated calls for…