UAE Extends $2 Billion Loan to Pakistan
By Marryam Qureshi January 8, 2025
The United Arab Emirates (UAE) has agreed to extend a $2 billion loan to Pakistan, providing crucial financial relief to the country. This decision follows a meeting between Prime Minister Shehbaz Sharif and UAE President Sheikh Mohamed bin Zayed Al Nahyan in Rahim Yar Khan. The two leaders discussed ways to strengthen bilateral ties and expedite investment projects, with the UAE president reaffirming his country's support for Pakistan's economic stability.
Prime Minister Shehbaz emphasized the importance of sacrifices for economic growth, highlighting efforts to reduce electricity costs, support small and medium enterprises (SMEs), and focus on export-led growth in textiles and non-traditional sectors. A key meeting is planned this week to address electricity price reductions.
Additionally, the government is working to improve trade ties with Indonesia, particularly in Halal meat, rice exports, and edible oil imports. Strengthening these trade relations aims to boost economic collaboration between the two countries.
Human smuggling is another area of focus, with regular meetings being held to combat this issue. These efforts show the government’s commitment to tackling challenges and improving governance.
The discussions with the UAE and Indonesia highlight Pakistan’s efforts to strengthen its economy through partnerships and trade. With the support of allies and a focus on key areas like energy costs and exports, the government aims to create a more sustainable and prosperous future.
