UAE want back 1 billion dollars from Pakistan.

Islamabad : UAE want back 1 billion dollars from Pakistan.

UAE give loan Pakistan 6 billion dollars, 3 billion dollars as cash flow on Pakistan bank and 3 billion dollars for oil . When the statement come from UAE Pakistan government gets into panic mode .

Pakistani newspaper The tribune post a headline 

See Clock ticking on 1 billion UAE cash facility.

Pakistan has pleaded to UAE that returning such a huge amount effect their economy.

Earlier 2021 IMF and Pakistan government had reach a staff level agreement to release 500 million dollars as a part of the longer loan pact. In 2019 IMF agree to give Pakistan 6 billion dollars loan to counter financial crises.

It's a fact In history when Pakistan go to a financial crises they tried to establish good relationship with india. Pakistan try to close india for their need and Pakistan know that without India's good relations Pakistan can't overcome FATF .

Now see what's the condition of Pakistan economy -

As the world bank data Pakistan estimated GDP  growth 1.9% in financial year 2019 to - 1.5% in year 2020.

Foreign direct investment in Pakistan decline 27% and most of the FDI come from China.

Pakistan main problem is debt cricies and their is no good tax collection from taxpayer, Even Pakistani government give the debt with another loan .

Let's simple, 

Data from state bank of Pakistan said Imran Khan government paid 11.895 billion dollars in external public debt servicing between 2019-20 and 3.593 billion dollars during the first quater of the year.

Simply you see Pakistan newspaper DAWN catout.

Now a days Pakistani rupee value is also not good, In easy way Pakistani 5000 rupee India's 2300 rupee.

The financial action task force gray list hit the Pakistani economy most , Pakistan should change the foreign policy.

Now one report come Pakistan want to resume the cotton export from india , All khow it's temporary but Pakistan people should khow about it that war and damage of India is not solution for their country.

Hope Pakistan recover their economic conditions and become a healthy nation .