Pakistan has said that the United Arab Emirates is set to acquire a stake in the Fauji Foundation as part of efforts to deepen economic cooperation, a move expected to ease the country’s external financing pressures.
Deputy Prime Minister and Foreign Minister Ishaq Dar said on Saturday that the planned UAE investment could help settle a one billion dollar liability. He added that an additional two-billion-dollar loan is also likely to be rolled over, providing further financial relief.
Dar made these remarks during a press conference where he outlined the annual performance of the Ministry of Foreign Affairs. He said the development followed a recent visit by the UAE president and reflects growing financial support from Pakistan’s key international partners.
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The foreign minister expressed gratitude to Saudi Arabia, the United Arab Emirates, and China for extending loans and financial assistance, which he said played an important role in stabilising Pakistan’s economy during challenging times.
Dar said Pakistan’s proactive, principled, and firm stance on major global issues has helped strengthen the country’s international position, though he did not provide specific examples.
On regional diplomacy, he pointed to improving relations with Bangladesh, describing the progress over the past year as a major thaw. He said his recent visit to Dhaka included meetings with the country’s chief executive, foreign minister, advisers, and political leaders. These included former prime minister Khaleda Zia, representatives of Jamaat-e-Islami, and student groups.
He said an atmosphere of goodwill has been created and added that Pakistan plans to further engage with Bangladesh after the upcoming February elections.
Dar also reiterated Pakistan’s position on Gaza, reaffirming Islamabad’s support for a peaceful resolution of the Palestinian issue and stressing the need for dialogue and justice to ensure lasting peace.
