Imran Khan Visits UAE, Likely to seek $6 Billion Financial Aid: Report

[Laozi]

Imran Khan Visits UAE, Sheikh Mohammed Bin Zayed, For 6 Billion Financial Aid To Pakistan
Dubai:

Prime Minister Imran Khan arrived in the UAE on Sunday on a day-long visit to the gulf country, where he is likely to seek financial assistance to minimise the cash-strapped Pakistan's dependence on an IMF bailout package.

Mr Khan, who is visiting the UAE for the second time in the last two months, met Sheikh Mohammed bin Zayed, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE's Armed Forces, at the Presidential Palace in Abu Dhabi.

He is accompanied by Foreign Minister Shah Mehmood Qureshi and Finance Minister Asad Umar among other officials, the Express Tribune reported.

"The purpose of the visit is to seek billions of dollars in aid as the International Monetary Fund (IMF) becomes unusually tough on Pakistan on the fiscal and monetary fronts, which is hindering early conclusion of talks," the paper said.

PM Imran Khan meeting HH @MohamedBinZayed the Crown Prince of Abu Dhabi & Deputy Supreme Commander of the UAE's Armed Forces and his delegation to discuss bilateral, regional and global issues of mutual interest. Senior cabinet members and COAS were also present in the meeting. pic.twitter.com/QDD8yc1XXB

- PTI (@PTIofficial) November 18, 2018
Pakistan wants USD 6 billion financial assistance from the UAE in the shape of cash deposits and oil on deferred payments, it added.

The two sides may sign a memorandum of understanding on the financial assistance package, the paper quoted a cabinet minister as saying.

Finance Minister Umar, however, denied that there is any link between the IMF conditions and the PM's UAE visit.

Pakistan PM Imran Khan was received by Sheikh Mohamed Bin Zayed, Crown Prince of Abu Dhabi and being presented with a guard of honour

Last month, Mr Khan had a stopover in Dubai on his return from Saudi Arabia in September.

Saudi Arabia had agreed to provide Pakistan with a USD 6 billion rescue package during Mr Khan's visit to the Gulf Kingdom.

Early this month, Prime Minister Khan visited China, which reportedly agreed to provide USD 6 billion in aid to Pakistan.

Mr Khan will visit Malaysia later this week where he is likely to seek monetary assistance.

Prime Minister Imran Khan has arrived at Presidential Palace of UAE.
The PM was received by HRH @MohamedBinZayed.
The two leaders will discuss bilateral, regional and global issues of mutual interest.
Prime Minister is accompanied by senior cabinet members and the COAS. @PakPMOpic.twitter.com/Q0DG9Wt1re

- PTI (@PTIofficial) November 18, 2018
Pakistan was facing a USD 12 billion financing gap for the current fiscal year.


The Pakistan government is keen to minimise the amount borrowed from the IMF by getting loans from "friendly" countries like Saudi Arabia, China and Malaysia as officials in Islamabad believe that the global lender could attach tough conditions.

https://www.ndtv.com/world-news/imr...r-6-billion-financial-aid-to-pakistan-1949383

 

[Laozi]

May Malaysia chip in with USD 6 billion and all Pakistani forex reserves related problems will vanish.

That is the hallmark of a True Leader

 

[Big Tank]

May Malaysia chip in with USD 6 billion and all Pakistani forex reserves related problems will vanish.

That is the hallmark of a True Leader

Much appreciate man. I hope both sides get such people who can acknowledge the good and the bad.

 

[AZADPAKISTAN2009]

If Ameer of UAE and Pakistan agree we can charge a small toll on all ships crossing our shared Sea with UAE

 

[Pakistansdefender]

May Malaysia chip in with USD 6 billion and all Pakistani forex reserves related problems will vanish.

That is the hallmark of a True Leader

You guys are totally not understanding it.
This money would solve our balance of payment crisis for 1 year, next year we again have this bug balance of payment crisis.
This money is to kept in reserves, to be used when needed and replaced as soon as possible.
So we have to go to imf compulsory and carry out all the reform they seek.
Pm Imran did Really well.
Don't expect much from Malaysia, they are in crisis.
But Imran seeks guidance from mahatir and experts team for sermaya Pakistan fund.

 

[The Accountant]

I expect it to be much greater than financial assisyance ... its rare that such a high profile people go togather ... PM, army chief, foreign minister, finance minister and all four of them are world known personalities ... none of them is having a weak personality

 

[M. Sarmad]

Imran Khan Visits UAE, Sheikh Mohammed Bin Zayed, For 6 Billion Financial Aid To Pakistan

Altering titles is a violation of forum rules, I believe @Dubious @Arsalan

Imran Khan Visits UAE, Likely To Seek $6 Billion Financial Aid: Report

And any credible source for this news other than an alleged report published in an Indian Newspaper ?

 

[RIP Pak LAW]

$6billion? Not official... And fake figure for now

 

[Laozi]

Altering titles is a violation of forum rules, I believe @Dubious @Arsalan

Imran Khan Visits UAE, Likely To Seek $6 Billion Financial Aid: Report

And any credible source for this news other than an alleged report published in an Indian Newspaper ?

I know the rules

It is NDTV.com site which has altered the title ( after I posted it on PDF )

this is one of the sites which is thoroughly pro Pakistan

 

[kmc_chacko]

May Malaysia chip in with USD 6 billion and all Pakistani forex reserves related problems will vanish.

That is the hallmark of a True Leader

I am unable to understand his policies, to solve $ 9-12 billion problem he is buying fresh $ 18-24 billions problems, in short term it can give some cushion for run the country but, it will not solve their basic structural economic problems, instead its bound to multiple in longer period. unless until he will not take some drastic steps/measures to check inflow of $ and increase outflow of $, situations will turn into nightmare in future.

 

[Dubious]

Altering titles is a violation of forum rules, I believe @Dubious @Arsalan

Imran Khan Visits UAE, Likely To Seek $6 Billion Financial Aid: Report

And any credible source for this news other than an alleged report published in an Indian Newspaper ?

I changed the title as it appears on NDTV....