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Your email address will not be published.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

Gulf summit opens in Bahrain with push to fully enforce Gaza ceasefire deal

The 46th Gulf Cooperation Council (GCC) summit has opened in Manama with…

Hyundai faces backlash in India

On Feb 7, South Korea’s Hyundai Motor faced calls for a boycott…

Zelenskyy says ‘many prospects’ to ‘make the path to peace real’

President Zelenskyy says the talks in Geneva delivered “solid results” but that…

War causes $2.6bn of damage to cultural heritage: UNESCO

A United Nations agency stated that the Russian invasion of Ukraine so…