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UAE to loan $1 billion, roll over another $2 billion to Pakistan

UAE to loan $1 billion, roll over another $2 billion to Pakistan

msid 96942530,imgsize 38534 UAE to loan $1 billion, roll over another $2 billion to Pakistan

The United Arab Emirates agreed on Thursday to lend $1 billion to Pakistan and roll over an existing $2 billion loan, Pakistan’s information minister said, offering some respite to a nation still reeling from devastating floods.
Pakistan says it suffered more than $30 billion of damage as floodwaters swept across the country from July-August.
The loan announcements came as Pakistan’s prime minister, Shehbaz Sharif, kicked off a two-day visit to the United Arab Emirates.
He met UAE President…


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