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Abu Dhabi Crown Prince Arrives in Pakistan, $3 Billion Deal Expected - Reports

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DUBAI (Sputnik) - Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan, has arrived in Islamabad for a two-day official visit, media reported on Sunday.

The crown prince has already held a meeting with Pakistani Prime Minister Imran Khan. The sides discussed political and economic relations between Abu Dhabi and Islamabad, according to the Emirates News Agency.

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During the visit, the United Arab Emirates (UAE) is expected to sign a multi-billion dollar support package for Pakistan.

In late December, the Abu Dhabi Fund for Development said that the UAE planned to deposit some $3 billion in Pakistan's Central Bank to help Islamabad cope with its balance of payments crisis.

Pakistan is currently facing a balance of payments crisis after the exchange rate of its national currency against the US dollar fell 5 percent in November.

The decision was announced several days after Pakistan took part in the US-Taliban talks that were held in the United Arab Emirates.

READ MORE: Pakistan Reveals Role in Bin Laden Killing for First Time Amid Rift With US

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