The Pakistani Foreign Minister said, UAE has assured all possible help to Islamabad. Qureshi said that this decision reflects the warm and friendly relations between the two countries.
Pakistan Prime Minister Imran Khan
The United Arab Emirates (UAE) has given great relief to Pakistan (Pakistan) facing debt and cash crisis. The UAE has given more time to repay two billion dollars of debt to the pauper Pakistan. Pakistani Foreign Department has given information about this. It said that the decision was taken in a meeting between Foreign Minister Shah Mahmood Qureshi in Abu Dhabi and UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
The Pakistani Foreign Minister said, UAE has assured to help Islamabad in all possible ways. Qureshi said that this decision reflects the warm and friendly relations between the two countries. He thanked the UAE for its support and bilateral cooperation and for supporting Pakistan in international forums. Significantly, the UAE had told Imran Khan’s government that it should repay the loan by the deadline of April 19. This caught Imran Khan’s breath, as he had no money to pay the debts due to the economy being flattened.
Neighboring countries have borrowed $ 10 billion from allied countries
Let us know that UAE has a debt of two billion dollars over Pakistan. In 2019, the UAE gave this amount to the Imran government to handle Pakistan’s deteriorating economy. Significantly, Pakistan has taken loans from many countries including Saudi Arabia, China. Pakistan has taken a loan of about $ 10 billion from its allies. The Imran government took this loan to improve the economy and fill the government treasury. But the economy has deteriorated further due to the government’s practices.
Saudi also increased Imran’s tension
Earlier, Saudi Arabia had also raised the concern of the Imran government. Saudi told Pakistan that it should pay its 3 billion dollars as soon as possible. In the year 2018, when Imran took power of Pakistan. During that time, Saudi Arabia gave a loan of $ 6.2 billion to Pakistan. The package included a loan of $ 3 billion and an oil credit facility of $ 3.2 billion. But when Saudi’s relations with Pakistan began to deteriorate, he asked Islamabad to repay the loan.
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