Pakistani Prime Minister reached UAE after collecting bailout from Saudi, arrived for the third time in 6 months – न्यूज़लीड India

Pakistani Prime Minister reached UAE after collecting bailout from Saudi, arrived for the third time in 6 months

Pakistani Prime Minister reached UAE after collecting bailout from Saudi, arrived for the third time in 6 months


Shahbaz Sharif on UAE tour

Pakistani news channel ARY News has reported on Thursday, quoting sources, that Pakistan Prime Minister Shehbaz Sharif will demand a new economic package for his country from the United Arab Emirates during his two-day visit. The report said that Shehbaz Sharif will also request the United Arab Emirates to defer the repayment of the $2 billion loan in the coming weeks. If UAE agrees to the Pakistani Prime Minister, then it will be a great relief for Pakistan. At the same time, during his UAE visit on Thursday and Friday, Shehbaz Sharif will also hold talks on finalizing the $2 billion investment in Pakistan. However, Pakistan’s information ministry did not respond to Reuters queries.

UAE visit for the third time

UAE visit for the third time

This is the third visit to the UAE by Shehbaz Sharif, who replaced Imran Khan last year as the Prime Minister of Pakistan. During the visit, Prime Minister Shehbaz Sharif will meet the President of the United Arab Emirates and hold talks on furthering economic, trade and investment ties and creating growing opportunities for the Pakistani workforce in the UAE. However, the talk of investing in Pakistan is just a diplomatic phrase, the real aim is to get bailout from UAE. Because, UAE refused to give financial help to Pakistan last year and agreed to take Pakistan’s property on lease at that place. According to Geo News, Shehbaz Sharif will also meet UAE Prime Minister Sheikh Muhammad bin Rashid Al Maktoum during his visit.

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Pakistan will survive only if you get loan

Pakistan will survive only if you get loan

Let us tell you that, about 1.7 million Pakistanis work as laborers in the United Arab Emirates and if Saudi Arabia agrees to give a new loan, then Pakistan will be saved from defaulting for the time being. Let us tell you that Pakistan is going through a huge economic crisis and less than $ 5 billion is left in its foreign exchange reserves. At the same time, this week, in the name of flood relief, Pakistan received billions of dollars from some countries around the world. Donors have pledged more than $9 billion to help Pakistan rebuild after the floods at an international conference in Geneva. However, this money is not yet available.

How much help to Pakistan from where?

How much help to Pakistan from where?

This week, the Islamic Development Bank has announced an aid of $4.2 billion to Pakistan. At the same time, the World Bank has also promised a help of 2 billion dollars. Apart from this, the European Union promised to give 500 million euros to Pakistan. French President Emmanuel Macron also joined the conference through video conferencing. He also announced $ 345 million in aid to Pakistan, while Britain assured Pakistan of £ 9 million in aid.

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