UAE extends $2bn loan relief to Pakistan

MG News | January 07, 2025 at 03:17 PM GMT+05:00

0:00

January 07, 2025 (MLN): The United Arab Emirates (UAE) has agreed to roll over a $2 billion loan deposit which will provide much-needed fiscal relief to Pakistan.

The aforesaid information was revealed by Prime Minister Shehbaz Sharif while addressing a cabinet meeting on Tuesday.

“Sheikh Mohamed bin Zayed Al Nahyan happily informed me about the extension and immediately issued directives to implement the decision,” PM Shehbaz shared during the meeting.

The decision follows a recent meeting between PM Shehbaz and UAE President Sheikh Mohamed bin Zayed Al Nahyan in Rahim Yar Khan.

During the meeting, the UAE leader proposed extending the repayment of the loan, originally due in January, as a gesture to bolster Pakistan’s economic stability.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,303.02 17.75M	0.56% 863.33
ALLSHR	95,089.85 79.18M	0.45% 421.70
KSE30	47,377.11 4.30M	0.55% 257.20
KMI30	226,870.23 11.72M	0.33% 744.51
KMIALLSHR	63,807.04 29.26M	0.37% 237.98
BKTi	41,768.50 1.38M	0.35% 145.68
OGTi	31,592.18 0.45M	0.33% 103.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,400.00	116,690.00 115,160.00	-865.00 -0.74%
BRENT CRUDE	67.35	67.43 66.78	0.36 0.54%
RICHARDS BAY COAL MONTHLY	84.00	84.00 84.00	-1.90 -2.21%
ROTTERDAM COAL MONTHLY	93.00	93.25 92.75	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.06	63.13 62.52	0.37 0.59%
SUGAR #11 WORLD	15.81	15.87 15.67	-0.01 -0.06%