Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan met Pakistan Prime Minister Imran Khan here Sunday as the cash-strapped country seeks economic assistance to bolster its foreign exchange reserves and the government's fiscal policies. The Crown Prince, who is on a day-long visit to the country after nearly 12 years, was received by Khan upon his arrival at Nur Khan airbase in Rawalpindi, Dawn reported. Khan visited the UAE twice since August to seek economic assistance to ward off the country's foreign exchange crisis. Pakistan's all weather ally China has also pledged to provide a generous aid to Islamabad to overcome its financial woes. Pakistan apprehends the IMF will come with stringent conditions of austerity besides scrutiny of USD 60 billion China-Pakistan Economic Corridor projects whose terms till now remained confidential.

Source: dna January 06, 2019 10:18 UTC