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UAE grants extension in $2 bn loan repayment to Pakistan
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April 21, 2021
ISLAMABAD: The United Arab Emirates (UAE) has decided to roll-over the $2 billion deposit by the Abu Dhabi Fund to Pakistan, with assurance that the Emirate was committed to extend every possible support to Pakistan.
The UAE had provided a $2 billion loan deposit in January and February 2020 which have now matured. The announcement was made by UAE’s Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in a meeting with Foreign Minister Shah Mahmood Qureshi at the UAE’s Ministry of Foreign Affairs in Abu Dhabi on Monday night.
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Foreign Minister Shah Mahmood Qureshi meets Emirati Minister for Tolerance and Coexistence, Sheikh Nahyan Mabarak Al Nahyan. Photo courtesy Twitter
ISLAMABAD: Islamabad on Monday again called on the United Arab Emirates (UAE) to ease visa restrictions on Pakistanis.
Foreign Minister Shah Mahmood Qureshi, who is on a visit to UAE, in his meeting with the Emirati Minister for Tolerance and Coexistence, Sheikh Nahyan Mabarak Al Nahyan, and Minister of State for Foreign Affairs Ahmed bin Ali Al Sayegh raised the issue of visa restrictions on Pakistanis, according to a readout issued by the Foreign Office.
“The foreign minister briefed Sheikh Nahyan about the issues faced by the Pakistani community, in particular the restrictions on visa-related matters. He stressed the importance of resolving them at the earliest,” the FO said.