Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar, announced on Saturday that the United Arab Emirates (UAE) will acquire shares in the Fauji Foundation. He said this move will strengthen economic cooperation and support Pakistan’s financial stability.
UAE Investment to Address Liabilities
Dar explained that the UAE’s investment in Fauji Foundation will help Pakistan settle a $1 billion liability. Furthermore, the agreement allows an additional $2 billion loan to be rolled over. He stressed that these financial measures will improve Pakistan’s fiscal position and boost investor confidence.
He expressed gratitude to Saudi Arabia, the UAE, and China for providing crucial financial support. “Their loans and assistance have played a key role in maintaining Pakistan’s economic stability,” he said.
Improved Relations With Bangladesh
Dar also highlighted Pakistan’s improving relations with Bangladesh, calling it a “major thaw” in bilateral ties. He shared that his recent visit to Bangladesh included meetings with the chief executive, foreign minister, advisers, and political leaders, such as Khaleda Zia and Jamaat-e-Islami representatives. Additionally, he engaged with student groups to strengthen dialogue between the two countries.
“An environment of goodwill has been created,” he noted. “After the February elections, we will further engage with Bangladesh to enhance cooperation.”
Pakistan’s Stance on Global Issues
The foreign minister reiterated Pakistan’s principled position on key global matters. He emphasized Pakistan’s support for a peaceful resolution of the Palestine issue and its stance on the Gaza situation. Dar added that Pakistan’s proactive approach on international issues has earned recognition across multiple global forums.
Response to PTI Protest in the UK
Dar addressed the recent protest by Pakistan Tehreek-e-Insaf (PTI) supporters in the United Kingdom. He described it as a “sheer provocation,” during which protestors reportedly issued death threats. He insisted that such actions remain unacceptable under any circumstances.
Moreover, he called on the UK government to prevent such provocations in the future. Pakistan has formally conveyed its concerns to UK authorities through a diplomatic demarche, which Dar described as both necessary and appropriate.
By securing UAE investment and strengthening international relations, Pakistan aims to stabilize its economy while maintaining a proactive diplomatic presence.
