Prime Minister Shehbaz Sharif says the UAE has decided to extend the two billion dollar payment due on Pakistan this month. Chairing the federal cabinet meeting in Islamabad, he mentioned that UAE President Mohamed bin Zayed Al Nahyan conveyed this decision to him with pleasure during a one-on-one meeting in Rahim Yar Khan.

PM Shehbaz says they will "have to approach IMF" for electricity prices; Finance Minister Aurangzeb says working on reducing govt expenditure.

The UAE has agreed to roll over the payment of $2 billion due by Pakistan in January, Pakistan’s prime minister Shehbaz Sharif has said. Speaking at a press conference, Sharif said that the Emirati president extended the $2 billion repayment due this month in a one-on-one meeting during the UAE leader’s visit to Pakistan on Sunday,