UAE president’s visit to Islamabad postponed ‘due to weather conditions’ — Pakistan minister

A worker walks past portraits of UAE President Sheikh Mohamed bin Zayed al-Nahyan (C) and Pakistan Prime Minister Shehbaz Sharif (L) along the constitution avenue in Islamabad, Pakistan, on January 29, 2023. (AFP)
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Updated 30 January 2023
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UAE president’s visit to Islamabad postponed ‘due to weather conditions’ — Pakistan minister

  • Sheikh Mohamed bin Zayed was scheduled to pay an official visit to Pakistan on Monday 
  • Information Minister Marriyum Aurangzeb says the visit has been postponed to a later date 

ISLAMABAD: United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al-Nahyan’s visit to the Pakistani capital of Islamabad, which was scheduled for today, has been postponed “due to weather conditions,” the Pakistani information minister said on Monday. 

Sheikh Mohamed bin Zayed was to arrive in Islamabad on a one-day visit, where he was scheduled to hold a one-on-one meeting with Prime Minister Shehbaz Sharif. 

However, Information Minister Marriyum Aurangzeb said Monday afternoon the visit had now been postponed to a later date. 

“Due to weather conditions, President HH Sheikh Mohamed bin Zayed Al Nahyan’s visit to the friendly Islamic Republic of Pakistan scheduled for today has been postponed to a later date,” Aurangzeb said in a statement. 

“His Highness was scheduled to pay an official visit today to Pakistan to discuss the friendship and cooperation relations between the UAE and Pakistan and ways to enhance them in various fields.” 




Pakistan Prime Minister Shehbaz Sharif (right) meets United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al-Nahyan in Rahim Yar Khan, Pakistan, on January 25, 2023. (Photo courtesy: WAM/File)

On January 25, the UAE president arrived in Pakistan’s Rahim Yar Khan city on a private visit. PM Sharif welcomed him at the Rahim Yar Khan airport, followed by a meeting between the two leaders. 

The two figures discussed issues of bilateral interest at the meeting, wherein Sheikh Mohamed assured that his country would “always stand by Pakistan,” a statement from PM Sharif’s office said. His comments came after the UAE announced to roll over its existing deposit of $2 billion in Pakistan’s central bank. 

The UAE president agreed to lend an additional $1 billion to help the Pakistani government that has been actively seeking external financing from allies and multilateral organizations to manage the ongoing economic crisis in the South Asian nation, according to the PM office statement. 

Pakistan and the UAE enjoy close fraternal ties for five decades that are rooted firmly in common belief and shared values and culture. The UAE is Pakistan’s largest trading partner in the Middle East and a major source of investments. 


Pakistan’s first female central bank governor dies at 71

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Pakistan’s first female central bank governor dies at 71

  • Shamshad Akhtar led the State Bank of Pakistan from 2006 to 2009 and later served twice as caretaker finance minister
  • Finance Minister Muhammad Aurangzeb describes Akhtar as an accomplished economist and an outstanding human being

KARACHI: Shamshad Akhtar, Pakistan’s first woman to serve as governor of the central bank and one of the country’s most internationally experienced economic policymakers, died at the age of 71, officials said on Saturday.

Akhtar led the State Bank of Pakistan from 2006 to 2009, becoming the first and only woman to lead the institution since its establishment in 1948. She later served twice as caretaker finance minister, overseeing fiscal management during transitional governments ahead of the 2018 and 2024 general elections.

According to local media reports, Akhtar died of cardiac arrest.

President Asif Ali Zardari expressed sorrow over her passing in a statement.

“The president paid tribute to her services in the field of economics and financial management, noting her contribution to strengthening economic governance in the country,” the presidency said, adding that he extended condolences to the bereaved family and prayed for the departed soul.

Finance Minister Muhammad Aurangzeb described Akhtar as a highly accomplished economist and an outstanding human being.

“Dr. Shamshad Akhtar was a dignified, principled and wise voice in Pakistan’s economic history,” he said.

He said she served Pakistan with integrity and dedication across several senior economic roles, adding that her national service would always be remembered with respect.

At the time of her death, Akhtar was serving as chairperson of the Pakistan Stock Exchange, a role that placed her at the intersection of Pakistan’s monetary policy, fiscal management and capital markets.

Beyond Pakistan, she held senior positions at major international institutions, including the World Bank, the Asian Development Bank and the United Nations Economic and Social Commission for Asia and the Pacific.

Born in Hyderabad, she was educated in Karachi and Islamabad and held advanced degrees in economics from institutions in Pakistan and the United Kingdom.

Akhtar was widely regarded as a technocrat known for institutional discipline, policy continuity and a strong commitment to economic reform.

With input from Reuters