UAE has assured to steer Pakistan out of current economic crisis: Petroleum Minister

On Sunday, Minister for Information and Broadcasting Chaudhry Fawad Hussain said the United Arab Emirates (UAE), would build an oil refinery in Pakistan, and talks for the huge investment had been finalised during the visit of Crown Prince Sheikh Mohamed bin Zayed Al Nahyan

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ISLAMABAD: Minister for Petroleum Ghulam Sarwar Khan has said the UAE leadership had assured to steer Pakistan out of its current economic quagmires.

While talking to APP, Mr Khan said the visit of Crown Prince of Abu Dhabi would have very positive results.

The minister said during the delegation level talks, both sides discussed the provision of oil facility on deferred payment to Pakistan like that of Saudi Arabia.

Special Assistant to Prime Minister on Overseas Pakistanis Zulfi Bukhari said the UAE is Pakistan’s largest trading partner in the Middle East and a major source of investments.

He said the oil-rich country was home to more than 1.6 million expatriate community and the Crown Prince was all praise for their contribution to the UAE’s development.

He said both sides also discussed the issue of Pakistanis imprisoned in the UAE jails and the Crown Prince was requested to softly deal the issue of those prisoners who are involved in petty crimes.

On Sunday, Minister for Information and Broadcasting Chaudhry Fawad Hussain said the United Arab Emirates (UAE), would build an oil refinery in Pakistan, and talks for the huge investment had been finalised during the visit of Crown Prince Sheikh Mohamed bin Zayed Al Nahyan.

Talking to media persons, the minister said that the UAE had already announced $3 billion cash support to help Pakistan overcome its balance of payment crisis while the provision of oil facility on deferred payment was under discussion.

 

 

 

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