ABU DHABI: The United Arab Emirates (UAE) has extended a repayment deadline of a loan given to Pakistan.
According to the Arab media, the Gulf state has extended the repayment deadline of $2 billion loan given to Pakistan. The earlier loan repayment deadline was April 19.
FM @SMQureshiPTI lauded 🇦🇪 consistent support to 🇵🇰 and welcomed the announcement of rolling back payment of USD 2 billion, which symbolizes the depth and strength of bilateral ties. #PakFMinUAE (3/4) pic.twitter.com/AkCb7oYfYn
— Spokesperson 🇵🇰 MoFA (@ForeignOfficePk) April 19, 2021
In January 2019, the Abu Dhabi Fund for Development had provided $2 billion loan deposit to Pakistan for boosting liquidity.
The development had come after Foreign Minister Shah Mahmood Qureshi’s meeting with UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan.
During the meeting, Qureshi apprised the UAE minister of the human rights violations being committed by India in occupied Kashmir.
