International News

United Arad Emirates (UAE) gives $2 bn bailout loan to Pakistan

Sentinel Digital Desk

ISLAMABAD: The United Arad Emirates (UAE) has decided to help Pakistan with a $2 billion bailout package, committing "every possible support to Pakistan". The UAE's support came during the visit of Pakistan Foreign Minister Shah Mahmood Qureshi to the Gulf nation.

Qureshi thanked UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, stating that UAE's help "reflected the warm and brotherly ties between the two countries". "We greatly appreciate the UAE's continued support and cooperation," maintained the Pakistan foreign office.

Qureshi has also raised the issue of visa restrictions for Pakistanis in his meeting with the Emirati Minister for Tolerance and Coexistence, Sheikh Nahyan Mubarak Al Nahyan, and Minister of State for Foreign Affairs, Ahmed Bin Ali Al Sayegh.

During the visit, Qureshi also highlighted the contributions made by the Pakistani nationals residing in the UAE for both the countries.

"He emphasised the need for nurturing and strengthening people-to-people linkages, as well as removing the impediments that hamper travel between the two countries," maintained the Pakistan foreign office. (IANS)