Pakistan PM thanks UAE for being there in "testing times"

Crown Prince of UAE Mohamed bin Zayed receives Pakistan’s Prime Minister at an official reception ceremony at the Presidential Palace in Abu Dhabi, on Nov. 18, 2018. (Source: @MohamedBinZayed)
Updated 22 December 2018
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Pakistan PM thanks UAE for being there in "testing times"

  • Abu Dhabi’s $3 billion loan will boost Islamabad’s negotiations with IMF
  • Pakistan secured $6bn from Saudi Arabia in October

ISLAMABAD: Pakistani prime minister Imran Khan on Saturday thanked the United Arab Emirates for it's support in "testing times," a day after Abu Dhabi announced plans to loan Pakistan $3 billion to help shore up its economy. 
Support from the UAE was reportedly promised during Khan’s second visit to Abu Dhabi in November where he held meetings with Sheikh Muhammad bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Khan thanked the UAE government for supporting Pakistan “so generously in our testing times," adding that the financial support “reflects our commitment and friendship that has remained steadfast over the years."
UAE's state media reported on Friday that the Abu Dhabi Fund for Development would deposit $3 billion in Pakistan's central bank in the “coming days to enhance liquidity and monetary reserves of foreign currency."
Analysts said that the cash would help Pakistan overcome its balance of payments’ crisis and stabilise the rupee which plunged 34 percent from 105 against the US dollar in December 2017 to 139 on December 21 this year.
Khan also visited Saudi Arabia in October this year where he secured $6 billion as financial support to bridge a $12 billion current account deficit. Pakistan has so far received $2 billion from Saudi Arabia in two tranches out of a total $3 billion in direct foreign currency support. The remaining $1 billion is expected to be transferred to the central bank next month.

Pakistan is also in bailout negotiations with the International Monetary Fund. 

Senior economist Dr. Athar Ahmad said Pakistan's decades-old bilateral and cordial relationship with the UAE and Saudi Arabia “was now turning into a strong economic and trade relationship which will not only help us but also contribute to the prosperity of the entire region."
“The UAE’s $3 billion financial aid will bolster Pakistan’s position to negotiate a bailout package from the International Monetary Fund,” he told Arab News.


Militants kill four peace committee members in northwestern Pakistan— police 

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Militants kill four peace committee members in northwestern Pakistan— police 

  • Victims were businessmen involved with the Peace Committee in its efforts against Pakistani Taliban, says police official 
  • Development takes a day after six cops were killed in IED blast in northwestern Tank district, signaling surge in militant attacks

ISLAMABAD: Four members of a pro-government peace committee were killed by militants in northwestern Pakistan’s Bannu district on Tuesday, a police official confirmed amid a surge in attacks in the area.

Peace committees in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province bordering Afghanistan comprise tribal elders who publicly oppose militant groups such as the Pakistani Taliban, or Tehreek-e-Taliban Pakistan (TTP). Members of the peace committee have long been targeted by militants for cooperating with security forces in counterinsurgency operations. These groups were first formed during Pakistan’s 2007–2014 conflict years to help defend villages and report militant movements.

The peace committee members were targeted in an area of Bannu district that falls under the jurisdiction of Huwaid Police Station, Deputy Superintendent of Police (DSP) Raza Khan told Arab News. The victims were attacked while they were traveling in a car in the morning. 

“All four were businessmen and were actively involved with the Peace Committee in efforts against the Taliban,” Khan said. 

According to a police report seen by Arab News, the deceased were identified as Naseeb Ur Rehman, Hamid Naseeb, Ziaullah, while the fourth person was identified as “Fauji.”

Interior Minister Mohsin Naqvi expressed sorrow over the loss of lives in the attack, a statement by the interior ministry said. 

“All conspiracies aimed at undermining peace efforts in KP would be thwarted,” Naqvi said.

He said the nation stands united to foil the nefarious designs of the Pakistani Taliban or TTP militants, reaffirming the government’s commitment to restoring and maintaining peace in the province. 

KP has been reeling from a surge in militant attacks in recent months. A day earlier, an improvised explosive device (IED) blast killed six police officers in the province’s Tank district. 

No group has claimed responsibility for these attacks. However, the TTP has claimed responsibility for some of the deadliest attacks targeting law enforcement personnel in KP in the past. It has frequently targeted convoys of security forces, police stations and check-posts besides kidnapping government officials in the region.

Islamabad accuses Afghanistan of allowing the use of its soil to armed outfits such as the TTP. It has also alleged that India backs militant groups who carry out attacks against Pakistan. Kabul and New Delhi have consistently denied this.