Abu Dhabi – Mubasher: Pakistan revealed that it will get a $2 billion loan from the UAE in the near future.
The loan is part of an aid package provided by the GCC nation to boost Pakistan’s dwindling finances, Bloomberg News reported.
In January 2018, Pakistan received $1 billion, the first tranche of a $3 billion agreement between the Abu Dhabi Fund for Development and the State Bank of Pakistan.
Abid Qamar, State Bank spokesman, told Bloomberg that the remaining funds are expected to be received within a couple of days.
Pakistan is seeking financing from friendly countries in a bid to plug the nation’s current account gap of at least $12 billion for the fiscal year ending June 2019.
The cash-strapped Asian country has already obtained a $3 billion loan from Saudi Arabia.
