UAE extends return date of $2 billion relief loan from Pakistan

By: News Desk      Published: 11:27 AM, 20 Apr, 2021
Foreign Ministers of UAE and Pakistan
UAE and Pakistan

The United Arab Emirates (UAE) has extended the payment return date of a $2 billion relief loan given to Pakistan from Abu Dhabi Fund whose return date was expiring on April 19, reported 24NewsHD TV channel.

Emirates Foreign Minister Sheikh Abdullah bin Zayed Al-Nhanyan warmly welcomed the Foreign Minister Makhdoom Shah Mehmood Qureshi when he reached UAE Foreign Ministry in Abu Dhabi.

During the meeting, both dignitaries discussed important regional and global matters including the promotion of two-sided cooperation in multi-sided departments.

Qureshi said, “Had a production meeting…with discussions on trade, diaspora welfare & greater people to people connection. Discussed our belief in and efforts for peace and stability in South Asia.”

The Emirate Foreign Minister told Shah Mehmood Qureshi that the UAE has decided to extend the return date of $2 billion relief loan given to Pakistan from Abu Dhabi Fund.

The MOFA Spokesperson said that Pakistan had to pay off the $2 billion relief loan to Abu Dhabi till April 19.

Foreign Minister thanked the Emirate Foreign Minister for this goodwill move, declared it a manifestation of growing two-sided ties between Pakistan and UAE

MOFA Spokesperson said detailed discussion between the two foreign ministers regarding increasing two-way cooperation in mutual interest sectors including trade, investment, infrastructure development, energy, technology, tourism and workforce.

Foreign Minister Qureshi also thanked the Emirates Foreign Minister for full support of the Emirate government in establishment of Pakistani pavilion in Expo, Dubai 2020.

“Pakistan will fully participate in the Dubai Expo 2020 this year in October and world may know about Pakistan's history, geographical importance, civilization and the wide opportunities available for business and tourism in Pakistan,” Shah Mehmood Qureshi said. 

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The Foreign Minister also thanked the Emirates Foreign Minister and the UAE leadership for supporting the Pakistani community in UAE and taking special care of the Pakistani work force during the coronavirus pandemic.

Foreign Minister emphasized the UAE Foreign Minister to soon solve the problems faced by the Pakistani community including the difficulties in acquiring visas.

Sheikh Abdullah bin Zayed Al-Nhanyan also praised the great services of the Pakistani community in the construction and development of the UAE.

Qureshi informed his Emirates counterpart about the dangers of the region's peace due to continuous human rights violations in occupied Jammu and Kashmir due to Indian policies.

“Important regional and global matters of mutual interest were discussed between the two foreign ministers, including Afghan peace process,” MOFA Spokesperson said.

Both foreign ministers agreed to increase two-way cooperation on World Forums. Qureshi thanked the Emirates Foreign Minister for warm welcome and excellent hosting during the UAE visit. The Foreign Minister invited his Emirates to visit Pakistan soon, which he accepted.

It is pertinent to note that this is the second visit of Pakistan Foreign Minister to the UAE that reflects the positive direction, growing two-sided ties and high-level connections between the two countries, MOFA Spokesperson said.

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