Posted inBeijing, China, Middle East, Pakistan, South Asia

UAE backs Pakistan with $6.2 billion in aid, doubt on IMF bailout

The Crown Prince of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, announced a $6.2-billion bailout package for Pakistan during his visit to Islamabad on Sunday. The package, which was agreed during Pakistan Prime Minister Imran Khan’s trip to the UAE in November, includes a $3 billion deposit in the central bank reserves […]