Pakistan to Sell Fauji Foundation Stake to UAE Amid Debt Crisis
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Pakistan to Sell Fauji Foundation Stake to UAE Amid Debt Crisis

Pakistan plans to sell a $1 billion stake in Fauji Foundation to the United Arab Emirates as part of efforts to manage its debt crisis. The UAE may also roll over $2 billion in debt. This move aims to provide financial relief and help Pakistan meet IMF conditions for a bailout package. Fauji Foundation is a large conglomerate founded and managed by the Pakistan Army.

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