The UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will visit Pakistan on Sunday after the two sides finalised the terms and conditions for a $6.2 billion assistance package to Islamabad to bolster its foreign exchange reserves and the government's fiscal policies.
The UAE Government's financial assistance comes as Pakistan is negotiating a $8 billion bailout package from the International Monetary Fund (IMF) to overcome a severe balance-of-payments crisis that threatens to cripple the country's economy.
The package, which is expected to be announced by the Crown Prince, involves $3.2 bn worth of oil supplies on deferred payment, besides a USD 3 bn cash deposit, the Dawn reported.