PM Khan thanks Saudi Arabia, China and UAE for financial assistance

Pakistan’s Prime Minister Imran Khan and Saudi Crown Prince Mohammed Bin Salman riding in a carriage during a welcome ceremony in Islamabad on February 18, 2019. (AFP)
Updated 13 June 2019

PM Khan thanks Saudi Arabia, China and UAE for financial assistance

  • In televised post-budget speech, PM says three friendly countries helped Pakistan in times of economic difficulty
  • KSA has given Pakistan $3 billion in foreign currency support, $3 billion deferred oil payments facility

ISLAMABAD: Prime Minister Imran Khan on Tuesday hailed financial assistance that Pakistan has received from Saudi Arabia, United Arab Emirates (UAE) and China to prop up its stumbling economy and plug its depleted reserves.

In a speech televised late on Tuesday night following the presentation of the budget proposal for the fiscal year to June 2020, Khan said the three friendly countries had stood by Pakistan in times of economic difficulty.

Revenue Minister Hammad Azhar also underlined the importance of the financial aid received from Saudi Arabia, UAE and China while presenting the budget proposal in the National Assembly on Tuesday.

“We borrowed a total of $9.2 billion from China, Kingdom of Saudi Arabia, and the United Arab Emirates,” Azhar said.

Last year, Saudi Arabia gave Pakistan $3 billion in foreign currency support along with a $3 billion facility for deferred payments for oil imports. The prime minister’s adviser on finance, Abdul Hafeez Shaikh, confirmed last month that Saudi Arabia would activate the deferred oil payment facility from July 1, 2019 under which Islamabad will receive $3.2 billion per year for three years.  

Islamabad also received $3 billion in economic assistance from the UAE in December 2018 while all-weather friend China lent $2.2 billion in March this year. Beijing is also investing close to $60 billion in Pakistan under the China Pakistan Economic Corridor (CPEC) of infrastructure and energy projects.


Pakistanis in Dubai help release over 150 inmates from UAE prisons amid pandemic

Updated 21 September 2020

Pakistanis in Dubai help release over 150 inmates from UAE prisons amid pandemic

  • A majority of those who received Pakistan Association Dubai (PAD) assistance were Pakistanis, but it also helped a number of people of other nationalities
  • Prime minister’s special assistant for overseas Pakistanis says PAD is the main organization helping repatriate nationals from UAE

ISLAMABAD: Pakistan Association Dubai (PAD) has helped amid the coronavirus pandemic release and repatriate more than 150 people from prisons in the United Arab Emirates.
In the past three months, PAD helped 154 inmates at prisons in Ajman and Dubai by buying their air tickets to return home and paid the fines required for their release orders to be issued. A majority of those who received PAD assistance were Pakistanis, but the association also helped a number of people of other nationalities.
“We arranged release and repatriation of 71 inmates from Ajman central prison this month. The initiative was not the first for PAD. We had also helped in release of 83 prisoners three months back from Dubai,” Rizwan Fancy, community welfare director at PAD, told Arab News over the phone from Dubai on Saturday.
The association has been working closely with UAE authorities.
“We were in process with Ajman government since the start of this month and completed the repartition this week after fulfilling all legal and medical requirements like COVID-19 testing,” Fancy said.
Those who received the assistance had been sentenced for petty crimes such as bounced cheques or overstaying. The have completed their sentences but were unable to pay release fines.
“We usually contact authorities and they share the list of such prisoners who can be released by paying small fines,” Fancy said. “We then arrange these things for the prisoners and subsequently their release takes place. We not only arranged for the release of Pakistani prisoners but managed to help in the release of 37 prisoners from other nationalities as well.”
The foreigners included citizens of Bangladesh, India, Ethiopia, Iran, Nigeria, Somalia, Iraq and Cameroon.
Every year, the association repatriates fellow nationals as well as other people who reach out for help, Fancy said.
“We take immense pride in serving the forgotten members of the community. We went out of our way and ensured support for all those deserving help.”
One of the repatriated Pakistanis, a resident of Chakwal who requested not to be named, said he is grateful to PAD. “They have arranged my repatriation from UAE. They have provided me with tickets and also fulfilled other requirements. My family is also very happy,” he told Arab News.
The prime minister’s special assistant for overseas Pakistanis, Sayed Zulifqar Bukhari, said that in PAD has been the main organization helping repatriate Pakistanis from the UAE.
“None of it would have been possible if we didn’t have the support and contributions of organizations like PAD and other individuals,” Bukhari said.
“It’s due to them why Pakistan has such a strong diaspora in UAE.”