The United Arab Emirates has previously transferred their $2 billion in State Bank of Pakistan (SBP) deposits. Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan, has requested that the ruler of the United Arab Emirates send a high-level delegation to Pakistan to meet with their Pakistani counterparts.
Many ideas are being discussed and investigated during this visit," a top Pakistani official told The News in a conversation on the sidelines on Monday.
On his way back from Saudi Arabia, Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan, stopped in the UAE to meet with President Sheikh Khalifa Bin Zayed Al Nahyan and other top officials.
He was unequivocal that he was not going to the UAE to ask for any further aid package. The delegation would also meet with the government's economic team and discuss measures to speed up trade between the two countries.
The delegation would be treated to a dinner hosted by the prime minister. During that time, they would discuss ways to improve economic and trade ties as well as investment opportunities. Members of the delegation will learn about Pakistan's friendly business climate. Energy, economics, and the petroleum business will also be on the agenda for debate.