Tuesday, January 31, 2023

Pakistan and the UAE discuss ways to strengthen bilateral cooperation

In a meeting with Crown Prince Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE), Pakistan Prime Minister Shehbaz Sharif engaged in comprehensive consultations on the opportunities for advancing cooperation as well as a variety of bilateral, regional, and international concerns, according to a statement.

Following his three-day visit to Saudi Arabia, the prime minister spent a little while in Abu Dhabi (UAE), where he met with the crown prince. According to Radio Pakistan, the meeting took place during his brief stay in the state.

Prior to their meeting at the Royal Palace, Qasr-e Al-Shatie, Pakistan Prime Minister Shehbaz Sharif was greeted with open arms by the crown prince and Deputy Supreme Commander of the UAE Armed Forces in Abu Dhabi.

Saudi Arabia agrees to $3 billion loan term extension:

Meanwhile, Prime Minister Shehbaz Sharif paid his first official visit to Saudi Arabia, at the invitation of Saudi Arabia’s Crown Prince Mohammad Bin Salman, before his travel to the United Arab Emirates.

After meeting with Prince Salman, Pakistan and Saudi Arabia reaffirmed their determination to consolidate security and stability in the region, reject violent extremism and terrorism, support the unity and independence of regional countries as well as their territorial integrity, and place a high priority on political solutions that will bring prosperity and progress to the region and its people.

As part of its ongoing support for Pakistan and its economy, Saudi Arabia announced that it is exploring options to increase the three billion dollars in deposits with the central bank, whether through a term extension or otherwise, as well as exploring options to further enhance the financing of petroleum products and supporting economic structural reforms for the benefit of Pakistan and its people.

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As stated in the statement, Pakistan “deeply appreciates the Kingdom of Saudi Arabia’s unwavering support for Pakistan throughout its history.”

After receiving an invitation from Saudi Crown Prince Muhammad bin Salman, the prime minister traveled to Riyadh with a delegation of officials.

The delegation accompanying the prime minister included Foreign Minister Bilawal Bhutto-Zardari, Defense Minister Khawaja Asif, Communications Minister Maulana Asad Mahmood, and Information Minister Marriyum Aurangzeb, Narcotics Control Minister Shahzain Bugti, and members of Parliament Khalid Maqbool Siddiqui and Mohsin Dawar, among others.

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