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FinancialNews


  • 05-01-19

    UAE, Pakistan complete terms of USD6.2b package

    (MENAFN) The UAE was announced to have finally completed the terms and conditions of a package valued at USD6.2 billion to be granted to Pakistan.

    Emirati Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will be declaring the support package, which aims to help Pakistan in its efforts to tackle payment difficulties.

    The support package was unveiled to be consisting of oil supplies valued at USD3.2 billion on deferred payment, along with another USD3 billion cash deposit.

    According to a cabinet member, the package is presented with the exact size as well as terms and conditions compared to the package Saudi Arabia granted.

    MENAFN0501201900450000ID1097926284

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