Pakistan’s Deputy Prime Minister and Finance Minister, Senator Ishaq Dar, announced that the United Arab Emirates (UAE) is set to acquire shares in the Fauji Foundation as part of strengthened economic cooperation between the two countries. The move is expected to support Pakistan in managing its financial obligations and boosting economic stability.
The UAE’s investment will help settle a $1 billion liability, while an additional $2 billion loan is expected to be rolled over to ease Pakistan’s external debt pressures. Senator Dar emphasized that such international partnerships reflect Pakistan’s growing credibility and improving relations with global partners.
Highlighting Pakistan’s diplomatic progress, Dar also mentioned strengthened ties with Bangladesh and continued efforts to support a peaceful resolution in Gaza. These developments signal Pakistan’s focus on enhancing international cooperation while managing domestic financial challenges.
Senator Dar also addressed the ongoing PTI protests in the UK, describing them as unacceptable and urging the British government to take responsibility for maintaining law and order. This statement aligns with Pakistan’s efforts to engage with international partners on matters affecting its citizens and political stability.
The acquisition of Fauji Foundation shares by the UAE is expected to bring significant economic benefits, including improved liquidity for the foundation and increased investor confidence in Pakistan. Analysts suggest that such collaborations could pave the way for further foreign investments and strengthen Pakistan’s position in regional and global markets.
By combining strategic financial moves with diplomatic engagement, Pakistan aims to achieve sustainable economic growth and reinforce its international partnerships in the coming years.
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