{"id":100999,"date":"2025-01-08T11:40:54","date_gmt":"2025-01-08T06:40:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100999"},"modified":"2025-01-08T11:40:58","modified_gmt":"2025-01-08T06:40:58","slug":"uae-backs-pakistan-amidst-fiscal-challenges","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/uae-backs-pakistan-amidst-fiscal-challenges.html","title":{"rendered":"UAE rolls over USD 2bn debt, eases Pakistan\u2019s fiscal woes"},"content":{"rendered":"\n<p>Islamabad: The United Arab Emirates (UAE) has agreed to roll over USD 2 billion in debt owed by Pakistan, providing crucial fiscal relief, as reported by a news source on January 8.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/aiib-finances-pak-n-5-highway.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan secures USD 210mn AIIB loan for N-5 Highway revival<\/a><\/p>\n\n\n\n<p>According to the details, the loan, initially deposited in Pakistan\u2019s State Bank since 2023, was due for repayment this month. Prime Minister (PM) Shehbaz Sharif shared this development during a federal cabinet meeting, recounting his recent discussion with UAE President Sheikh Mohamed bin Zayed Al-Nahyan. The UAE leader personally offered the extension during a meeting in Rahim Yar Khan and expressed a commitment to strengthening bilateral ties by investing in key Pakistani projects.<\/p>\n\n\n\n<p>PM Sharif also highlighted ongoing efforts to address economic challenges. He emphasised the need for reducing electricity prices to support industrial growth and exports, noting that the government is prepared to engage with the International Monetary Fund (IMF) to achieve this. PM Sharif referenced the National Economic Transformation Plan 2024-29 as a cornerstone of the country&#8217;s economic strategy and mentioned upcoming meetings to finalise measures for sustainable economic growth.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ubl-grants-gop-million-dollar-loan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Critical loan backed by UBL supports Pak\u2019s fiscal stabilisation efforts<\/a><\/p>\n\n\n\n<p>PM Sharif underscored the importance of the Small and Medium Enterprises Development Authority (SMEDA) as vital to Pakistan\u2019s progress. He announced plans to evaluate SMEDA\u2019s performance and strategic direction in an upcoming meeting. On the trade front, he noted a rise in textile exports and expressed intentions to explore further opportunities with Indonesia and strengthen relations with Malaysia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The United Arab Emirates (UAE) has agreed to roll over USD 2 billion in debt owed by Pakistan, providing crucial fiscal relief, as reported by a news source on January 8. Read: Pakistan secures USD 210mn AIIB loan for N-5 Highway revival According to the details, the loan, initially deposited in Pakistan\u2019s State Bank since 2023, was due for repayment this month. Prime Minister (PM) Shehbaz Sharif shared this development during a federal cabinet meeting, recounting his recent discussion with UAE President Sheikh Mohamed bin Zayed Al-Nahyan. The UAE leader personally offered the extension during a meeting in Rahim Yar Khan and expressed a commitment to strengthening bilateral ties by investing in key Pakistani projects. PM Sharif also highlighted ongoing efforts to address economic challenges. He emphasised the need for reducing electricity prices to support industrial growth and exports, noting that the government is prepared to engage with the International Monetary Fund (IMF) to achieve this. PM Sharif referenced the National Economic Transformation Plan 2024-29 as a cornerstone of the country&#8217;s economic strategy and mentioned upcoming meetings to finalise measures for sustainable economic growth. Read: Critical loan backed by UBL supports Pak\u2019s fiscal stabilisation efforts PM Sharif underscored the&hellip;<\/p>\n","protected":false},"author":88,"featured_media":89157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[53520,26312],"persona":[],"class_list":{"0":"post-100999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-uae-pakistan-trade","9":"tag-united-arab-emirates-uae","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UAE Backs Pakistan Amidst Fiscal Challenges - Zameen News<\/title>\n<meta name=\"description\" content=\"UAE rolls over $2B debt for Pakistan, offering vital fiscal relief amid economic challenges, reports January 8 news source.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/uae-backs-pakistan-amidst-fiscal-challenges.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE Backs Pakistan Amidst Fiscal Challenges - Zameen News\" \/>\n<meta property=\"og:description\" content=\"UAE rolls over $2B debt for Pakistan, offering vital fiscal relief amid economic challenges, reports January 8 news source.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/uae-backs-pakistan-amidst-fiscal-challenges.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-08T06:40:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-08T06:40:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/09\/UAE-Pak-Flag_News-Cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UAE Backs Pakistan Amidst Fiscal Challenges - Zameen News","description":"UAE rolls over $2B debt for Pakistan, offering vital fiscal relief amid economic challenges, reports January 8 news source.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/uae-backs-pakistan-amidst-fiscal-challenges.html","og_locale":"en_US","og_type":"article","og_title":"UAE Backs Pakistan Amidst Fiscal Challenges - Zameen News","og_description":"UAE rolls over $2B debt for Pakistan, offering vital fiscal relief amid economic challenges, reports January 8 news source.","og_url":"https:\/\/www.zameen.com\/news\/uae-backs-pakistan-amidst-fiscal-challenges.html","og_site_name":"Pakistan Real Estate News &amp; 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