Customarily, Pakistan receives support from Arab Countries. Arab Countries put a big role in the survival of the economy of Pakistan. Even after showing the regret from Pakistan, Arab Countries has welcomed India on Red Carpet.
Pakistan was used to take benefits from the United Arab Emirates for deferred payment. Pakistan was used to make payment later before they take oil from UAE. Now the United Arab Emirates has denied giving oil on credit.
Pakistan was trying to buy oil of 22.4 billion dollars from UAE with deferred payment but they have now failed and this will impact on Pakistan’s foreign reserve. Pakistan was able to maintain their foreign reserve with the help of allied countries.
Where Pakistan is already in pain for the sinking economy, this will increase the pressure more. The gesture of Arab country also defines how they are avoiding Pakistan.
Mohammad Bin Salman Al Saud arrived a few weeks back and Pakistan was received a good amount of investment and Pakistan was expecting Mohammed bin Zayed Al Nahyan to arrive in Pakistan and they can get oil on credit but the time limit has passed. In this way, for Pakistan will have to take the gauntlet for the immaculate of their economy.
After the Pulwama Attack, the tension between India and Pakistan rose and the aero facility was blocked in Pakistan and whereas in India All airports are opened after 27 February. Pakistan is already in the loss of 2.55 billion Pakistani Rupees.
Because of tension across the border, Pakistan’s airline and civil aviation authority are facing huge loss for the temporary closure. Ticket’s fare from Pakistan to Europe has now increased and some routes are still not opened.