ISLAMABAD – Pakistan seeks $6 billion financial assistance package from theUAE in the shape of cash deposits and oil on deferred payments.
It is the PM’s second visit to the UAE in the last one and half month.Earlier, he had a stopover in Dubai on his return from Saudi Arabia inSeptember where he had also sought aid. Finance Minister Umar, however,denied that there is any link between the IMF conditions and the PM’s UAEvisit.
Pakistan and the UAE may sign a memorandum of understanding on thefinancial assistance package, a cabinet minister told The Express Tribuneon condition of anonymity. Last month, a UAE delegation had also visitedPakistan and the government had sought from the Gulf state $6 billion.
It seems that the government has hurriedly planned the second UAE visit, asthe Foreign Office did not announce the plan during its Thursday briefing.
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The key agenda of the PM’s meetings will be bilateral investment andeconomic cooperation, said the Finance Ministry sources. Foreign MinisterShah Mahmood Qureshi is already in the UAE.
