ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Saturday said the United Arab Emirates (UAE) is set to acquire shares in the Fauji Foundation as part of ongoing economic cooperation between the two countries.
Addressing a press conference on the annual achievements and role of the Ministry of Foreign Affairs, Dar referred to the recent visit of the UAE President.
He said the UAE would be acquiring some shares in Fauji Foundation and the investment is expected to help settle a USD1 billion liability, while an additional USD2 billion loan could be rolled over.
It is shares of their subsidiary cos. Please report correctly.
0
Owais KhanDec 28, 2025 11:03pm
But Fauji Foundation is Not for profit foundation with all profits invested in welfare of Ex Servicemen. How will UAE earn from this investment? Can government share details of the deal transparently
Comments
Comments are closed for this article.