Pakistan has signed a big deal with UAE(UAE) 

Islamabad. Pakistan is going through its worst economic phase. Every effort of the Government of Pakistan to get out of this economic crisis is becoming unsuccessful. To overcome the crisis, now this neighboring country has been forced to sell its valuable assets. Recently, he has given his famous Roosevelt Hotel in New York on rent for three years. Earlier, in the Russo-Ukraine war, many of their military artillery made deals with Ukraine by meeting Western countries. But now a bigger deal is going to be done with the United Arab Emirates.(UAE) 

In fact, the Government of Pakistan reached Bengali is going to sell its famous and valuable Karachi Port to UAE). Pakistan has formed a High Commission to sell this port. Pakistan’s Finance Minister Ishaq Dar is going to preside over it. A meeting of the Cabinet Committee on Inter-Government Commercial Transactions has also taken place.

In the midst of increasing debt, any country even the IMF has refused to give loan to Pakistan. The danger of Pakistan becoming a defaulter has increased. To save it, the government is continuously selling its properties. Shahbaz government had made a law in the year 2022 to get emergency fund. The Inter-Governmental Commercial Transactions Act was enacted so that state assets could be sold on a fast-track basis to raise funds.
Pakistan is under the burden of debt of billions of rupees. The total debt and liabilities of Pakistan are more than 60 trillion Pakistani rupees. This is more than 85 percent of the country’s GDP.