ISLAMABAD: The United Arab Emirates (UAE) has rolled over its $2 billion reserves with the State Bank of Pakistan (SBP) for another period, a move that will help the government continue its efforts to revive the economy.
Prime Minister Shehbaz Sharif made the announcement after a one-on-one meeting with UAE President Sheikh Mohammed bin Zayed Al Nahyan in Rahim Yar Khan. He said the two countries enjoy brotherly relations.
He said that stability is returning to the economy with the efforts of every member of the government, adding: “The day is not far when we will become a prosperous nation and take our rightful place.”
He appreciated the increase in exports led by textiles, saying that this sector can play a key role in the country’s development.
The prime minister said that unless the price of electricity comes down, industry, agriculture, trade and exports cannot develop. He said that we will have to go to the IMF to keep economic reforms on track.
He also expressed concern over the incidents of human trafficking. He said that hundreds of Pakistanis have lost their lives in the last two to three years.
He said that significant progress has been made in the meetings regarding human trafficking. The Interior Minister, his team and the relevant agencies are working on it.
He said that I am personally holding meetings to ensure that human trafficking is eradicated once and for all.
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