The United Arab Emirates agreed on Thursday to lend $1 billion to Pakistan and roll over an existing $2 billion loan, Pakistan's information minister said, offering some respite to a nation still reeling from devastating floods. Pakistan says it suffered more than $30 billion of damage as floodwaters swept across the country from July-August.
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Thursday, January 12, 2023
UAE to loan $1 billion, roll over another $2 billion to Pakistan January 12, 2023 at 02:35AM
The United Arab Emirates agreed on Thursday to lend $1 billion to Pakistan and roll over an existing $2 billion loan, Pakistan's information minister said, offering some respite to a nation still reeling from devastating floods. Pakistan says it suffered more than $30 billion of damage as floodwaters swept across the country from July-August.
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