The United Arab Emirates has agreed to extend payment on a $2 billion outstanding loan to Pakistan and to loan an additional $1 billion, Pakistani Prime Minister Shahbaz Sharif’s office said on January 12. The aid comes as Pakistan is battling to recover from a summer of devastating flooding. Sharif was in the U.A.E. for two days of talks with Abu Dhabi ruler Sheikh Mohammad bin Zayed Al Nahyan. To read the original story by AP, click here.
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