UAE agrees to roll over Pakistan debt, add $1 billion more ...Middle East

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ISLAMABAD: The United Arab Emirates has agreed to roll over $2 billion owed by Pakistan and provide the country with an extra loan of $1 billion, Islamabad said Thursday.The agreement comes as Pakistan grapples with a major foreign exchange crisis, holding enough reserves to pay for just three weeks of imports.Pakistan Prime Minister Shehbaz Sharif arrived in the UAE earlier Thursday for talks with top Gulf officials to seek help for the battered economy.“The UAE president agreed to roll over the existing loan of US$2 billion and provide a US$1 billion additional loan,“ a statement from Sharif’s office said.“Both sides agreed to deepen the investment cooperation, stimulate partnerships and e

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