ISLAMABAD – Pakistan is likely to get $ 10 -15 billion investment packagefrom UAE, likely to be announced during the visit of Crown Prince
Pakistan is likely to get oil worth $3.2 billion on deferred payments fromUnited Arab Emirates this month, sources informed Geo News Friday.
Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan isexpected to announce the facility for Pakistan during his visit to thecountry starting January 6.
They said Pakistan is also likely to get $1.5 billion loan from IslamicDevelopment Bank’s International Islamic Trade Finance Corporation (ITFC)for the import of liquefied natural gas (LNG) on deferred payment facility.
Currently, Pakistan is importing LNG worth $4.5 billion annually.
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The sources added that Pakistan, in collaboration with the UAE, is alsostarting construction of Parco Coastal Refinery in Balochistan worth over$5 billion.
It is pertinent to mention here that Prime Minister Imran Khan had twicevisited the UAE last year, where he had held meetings with Emiratileadership.
In December 2018, the UAE announced that it would deposit $3 billion in theState Bank of Pakistan (SBP) to support the country’s financial andmonetary policy.
