22:32 GMT +319 March 2019
Listen Live
    Islamabad top view

    Abu Dhabi Crown Prince Arrives in Pakistan, $3 Billion Deal Expected - Reports

    CC BY-SA 4.0 / Naveedsharif / Islamabad top view
    Asia & Pacific
    Get short URL
    0 52

    DUBAI (Sputnik) - Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan, has arrived in Islamabad for a two-day official visit, media reported on Sunday.

    The crown prince has already held a meeting with Pakistani Prime Minister Imran Khan. The sides discussed political and economic relations between Abu Dhabi and Islamabad, according to the Emirates News Agency.

    During the visit, the United Arab Emirates (UAE) is expected to sign a multi-billion dollar support package for Pakistan.

    In late December, the Abu Dhabi Fund for Development said that the UAE planned to deposit some $3 billion in Pakistan's Central Bank to help Islamabad cope with its balance of payments crisis.

    Pakistan is currently facing a balance of payments crisis after the exchange rate of its national currency against the US dollar fell 5 percent in November.

    The decision was announced several days after Pakistan took part in the US-Taliban talks that were held in the United Arab Emirates.

    READ MORE: Pakistan Reveals Role in Bin Laden Killing for First Time Amid Rift With US

    Related:

    ‘Enemies Are Too Smart’: India Installs Laser Fence on Pakistan Border - Report
    Pakistan Army Claims to Have Shot Down Second Indian Spy Drone in Two Days
    'Indian Spy Quadcopter' Shot Down at Border - Pakistan Military
    India, Pakistan Exchange Lists of Nuclear Facilities – Indian Foreign Ministry
    Tags:
    deal, payment, talks, Sheikh Mohamed bin Zayed Al Nahyan, Imran Khan, UAE, Pakistan
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik