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UAE Signs $3 Billion Support For Pakistan

The two countries earlier in January were said to have finalised the terms and conditions of the support package, which involves $3.2 billion worth of oil supplies on deferred payment in addition to the $3 billion cash deposit

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Imran Khan, Taliban
Pakistan's Prime Minister Imran Khan speaks during a press conference in Putrajaya, Malaysia, Nov. 21, 2018. VOA

Pakistan and the United Arab Emirates (UAE) signed a $3 billion support package on Tuesday as pledged by Abu Dhabi to boost the liquidity and foreign exchange reserves of the cash-strapped country.

The package was signed by Abu Dhabi Fund for Development (ADFD) Director General Mohammed Saif Al Suwaidi and the State Bank of Pakistan Director Tariq Bajwa at a ceremony here.

According to the package, the UAE will deposit $3 billion in the State Bank of Pakistan to support the country’s financial and monetary policy, the state-run WAM news agency reported.

Imran Khan, Sikh
Pakistan’s Prime Minister Imran Khan is seen during talks in Beijing, China. VOA

The amount will be paid to Pakistan in three instalments.

The UAE had announced its intention to inject $3 billion cash into Pakistan via the ADFD in December 2018, a month after Prime Minister Imran Khan undertook his second trip to the country since assuming office.

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The two countries earlier in January were said to have finalised the terms and conditions of the support package, which involves $3.2 billion worth of oil supplies on deferred payment in addition to the $3 billion cash deposit. (IANS)

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Pakistan Occupied Kashmir Areas Feature in New Political Map Released by Government

In a gazette notification, the government also enumerated the territories in Leh district as: "Gilgit, Gilgit Wazarat, Chilas, Tribal territory

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Pakistan, Kashmir, Political
The Ladakh UT consists of two districts -- Kargil and Leh -- while the Jammu and Kashmir Union Territory comprises 20 districts. Pixabay

In the wake of the creation of separate Union Territories of Jammu and Kashmir and Ladakh, the government on Saturday released a new political map of the Indian Union, with 28 States and nine Union Territories (UTs). Pakistan.

The new map denotes the bifurcation of the erstwhile state of Jammu and Kashmir and surprisingly includes three districts — Muzaffarabad, Punch and Mirpur — which are under Pakistan occupied Kashmir (PoK).

Pakistan, Kashmir, Political
New Political Map of India. PIB

The Ladakh UT consists of two districts — Kargil and Leh — while the Jammu and Kashmir Union Territory comprises 20 districts.

In a gazette notification, the government also enumerated the territories in Leh district as: “Gilgit, Gilgit Wazarat, Chilas, Tribal territory and Leh and Ladakh, except the present territory of Kargil.”

Pakistan, Kashmir, Political
The new map denotes the bifurcation of the erstwhile state of Jammu and Kashmir and surprisingly includes three districts — Muzaffarabad, Punch and Mirpur — which are under Pakistan occupied Kashmir (PoK). Pixabay

The order was called the Jammu and Kashmir Reorganisation (Removal of Difficulties) Second Order, 2019.

The map of J&K UT comprises 20 districts, including Muzzarfarabad, Mirpur and the area of Poonch which are under PoK.

In 1947, the former Jammu and Kashmir state had 14 districts — Kathua, Jammu, Udhampur, Reasi, Anantnag, Baramulla, Poonch, Mirpur, Muzaffarabad, Leh and Ladakh, Gilgit, Gilgit Wazarat, Chilhas and Tribal Territory.

On the recommendation of the Parliament, President Ram Nath Kovind effectively abrogated Article 370 from the Indian Constitution and issued the Jammu and Kashmir Reorganisation Act, 2019, in August.

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On October 31, J&K ceased to exist as a state and was officially bifurcated into two UTs — Jammu and Kashmir and Ladakh. (IANS)