Debt-ridden Pakistan has now been tweaked by ally UAE, find out how

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New Delhi, 18 January 2021 Monday

Even its one-time Arab allies are turning their backs on Pakistan, which is facing a recession, urging Saudi Arabia to pay off its 3 billion debt immediately, and Imran Khan's government is preparing to repay the last installment of લો 1 billion in loans to Saudi Arabia. With another crisis looming over Pakistan, the UAE has also demanded the return of મ્બર 3 billion in economic aid to Pakistan in December 2018.

The Pakistani newspaper The Express Tribune quoted sources in the Pakistani finance ministry as saying that the UAE had also not indicated whether it could increase its debt to Pakistan by 1 1 billion, not only because it is part of a 3 3 billion package but has a repayment date of January 24.

A senior Pakistani finance ministry official said that if the UAE facility was not repaid, it would be considered that the debt would be increased for another year, although the Pakistani government feared that the UAE could also demand payment of its debts.

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