UAE Signals Major Investment in PIA-Linked Firm, Boosting Pakistan’s Economic Outlook

Pakistan has indicated that the United Arab Emirates (UAE) is preparing to take a strategic stake in the Fauji Foundation, the company that recently acquired shares in Pakistan International Airlines (PIA). The move is being seen as a positive step toward strengthening bilateral economic cooperation and easing Pakistan’s external financial pressure.

Deputy Prime Minister and Foreign Minister Ishaq Dar said the expected investment could help address a $1 billion financial liability, while discussions are also underway to roll over nearly $2 billion in loans. He shared these details while briefing the media on the annual performance of the Ministry of Foreign Affairs.

Dar linked the development to the recent visit of the UAE President, calling it a sign of growing trust and support from key partners. He also acknowledged continued financial backing from Saudi Arabia, China, and the UAE, which he said has played a vital role in supporting Pakistan’s economic stability.

On diplomacy, Dar highlighted warming ties with Bangladesh and reaffirmed Pakistan’s position on Gaza, emphasizing support for a peaceful solution to the Palestinian issue.