UAE extends repayment of $2 billion loan given to Pakistan
UAE extends repayment of $2 billion loan given to Pakistan Waheed Abbas/Dubai Sheikh Abdullah met Shah Mehmood Qureshi and discussed issues of mutual interest. The UAE has extended the repayment of a $2 billion deposit given to Pakistan by the Abu Dhabi Fund for Development (ADFD) in January 2019 to boost liquidity and help overcome financial crisis faced by the South Asian country. ALSO READ: Islamabad was scheduled to repay $2 billion funds to ADFD by April 19, 2021. A total of $3 billion lifeline was deposited by the UAE with the State Bank of Pakistan in January 2019 to help fill current ...