Pakistan, UAE comply with additional improve financial and commerce relations

United Arab Emirates’ ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi right here on Tuesday referred to as on Adviser to Prime Minister on Finance, Income and Financial Affairs Dr Abdul Hafeez Shaikh in Islamabad.
Each the leaders pledged to additional improve financial and commerce relations between the 2 international locations.
Speaking to the envoy, Dr Abdul Hafeez Shaikh stated, “Each the international locations ought to understand full potential of their ties by encouraging the personal sector to come back and spend money on Pakistan.”
He thanked the UAE authorities for offering monetary assist to Pakistan below the Abu Dhabi Fund for Growth.
The UAE ambassador stated that each Pakistan and UAE wanted to work collectively to additional improve their ties and develop strategic partnership.
He stated that there are numerous corporations in UAE which had been eager to spend money on Gwadar they usually just lately visited Pakistan for the aim. The envoy reiterated UAE’s dedication to face by Pakistan.
Earlier on March 12, the State Financial institution of Pakistan (SBP) had acquired one billion US greenback funds from the United Arab Emirates (UAE).
“To this point, now we have acquired complete $2 billion from the UAE,” stated the SBP spokesperson including that in January this yr Pakistan and the UAE had made an settlement with the Arab nation on $three billion assist bundle.
Confirming the report of receiving of the help, Advisor and Spokesperson Finance Division, Ministry of Finance, Khaqan Hassan Najeeb had stated Pakistan had acquired $1 bn from the UAE to assist additional steadiness of cost, stability and guarantee clean worldwide overseas cost obligations, whereas shoring up overseas change reserves.