Pakistan has announced that the United Arab Emirates is expected to acquire a stake in the Fauji Foundation as part of efforts to strengthen economic cooperation, a move likely to ease the country’s external financial pressures.
Deputy Prime Minister and Foreign Minister Ishaq Dar said the planned investment could help Pakistan settle a $1 billion liability, while an additional $2 billion loan may be extended through a rollover. He shared these details while briefing the media on the annual performance of the Ministry of Foreign Affairs.
Dar said the development followed a recent visit by the UAE president and reflected increasing financial backing from close partners. He also thanked Saudi Arabia, the UAE, and China for their continued loans and financial support, which he said have helped stabilize Pakistan’s economy.
The foreign minister added that Pakistan’s “proactive, principled, and firm” stance on major international issues has improved its global image, though he did not elaborate further.
Speaking on regional relations, Dar highlighted improving ties with Bangladesh, calling the progress over the past year a “major thaw.” He said his recent trip to Dhaka included meetings with the country’s chief executive, foreign minister, advisers, political leaders, former prime minister Khaleda Zia, Jamaat-e-Islami representatives, and student groups.
IAfter recent bidding, Fauji Fertiliser Company (FFC) Joins Arif Habib–Led Group
He said a positive atmosphere has been created and that Pakistan plans to further engage with Bangladesh after the February elections. Dar also reaffirmed Pakistan’s stance on Gaza, reiterating support for a peaceful solution to the Palestinian issue.
