💨 Abstract
Pakistan, facing a significant debt burden, is allowing the UAE to acquire a $1 billion stake in the Fauji Foundation, a military-owned conglomerate. Additionally, the UAE is expected to roll over $2 billion in loans. Deputy Prime Minister Ishaq Dar confirmed these developments, aiming to reduce Pakistan's liabilities. This move comes as Pakistan seeks to manage its external debt of $91.8 billion and total public debt of $286.8
Courtesy: theprint.in
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