transfer the amount<\/a> in the State Bank\u2019s account to increase Pakistan\u2019s foreign reserves.<\/p>\nLast week, the two countries finalized the terms of the bailout package \u2013 pledged by the UAE government during Prime Minister Imran Khan\u2019s visit to Dubai in November \u2013 for Pakistan to address its balance of payments crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad: Information Minister Fawad Chaudhry said Pakistan and the United Arab Emirates (UAE) had signed a USD 6.2 billion bailout package during the visit of Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan \u2013 a news source reported. Read: Pakistan receives second tranche from Saudi Arabia Under this agreement, Pakistan will receive a USD 3 billion loan on 2.8% interest rate, as well as USD 3.2 billion for supply of oil on deferred payments. The Abu Dhabi Fund for Development had previously announced that it would soon transfer the amount in the State Bank\u2019s account to increase Pakistan\u2019s foreign reserves. Last week, the two countries finalized the terms of the bailout package \u2013 pledged by the UAE government during Prime Minister Imran Khan\u2019s visit to Dubai in November \u2013 for Pakistan to address its balance of payments crisis.<\/p>\n","protected":false},"author":67,"featured_media":46971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[9789],"persona":[],"class_list":["post-46970","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-pakistan-signs-usd-6-2-bn-support-package-with-uae"],"acf":[],"yoast_head":"\n
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