President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan has agreed to roll over the existing loan of $2 billion and provide a $1 billion additional loan.
Prime Minister Shehbaz Sharif met the UAE president in Abu Dhabi today. The UAE president welcomed the prime minister and wished progress and prosperity for Pakistan. He praised the historical relations between the two nations and the valuable contributions made by the Pakistani community in the UAE.
The prime minister thanked the UAE president for inviting him to the brotherly country. The two leaders discussed the fraternal relations existing between Pakistan and the UAE and explored ways and means to further strengthen these ties, especially in the fields of trade, investment, and energy. The two leaders also had an exchange of views on regional and international issues of mutual interest.
Both sides agreed to deepen the investment cooperation, stimulate partnerships and enable investment integration opportunities between the two countries. They also expressed satisfaction with the pace of steady progress in bilateral relations. They agreed on the importance of enhanced bilateral exchanges and regular dialogue at all levels to further solidify and provide momentum to the relationship.
Prime Minister Shehbaz Sharif invited the president for a state visit to Pakistan to which he agreed. The dates will be decided through diplomatic channels.
