Pakistan Sells Army-Run Fauji Foundation Stake to UAE for $1 Billion Amid Debt Crisis

• Pakistan plans to sell a $1 billion stake in the Army-run Fauji Foundation to the UAE to convert debt into strategic assets.
• The deal, expected by March 31, will eliminate a $1 billion liability from Pakistan's books, with an additional $2 billion loan rollover from UAE.
• Deputy PM Ishaq Dar confirmed the equity acquisition by Abu Dhabi, highlighting Pakistan's deepening financial stress and reliance on external support.
• Pakistan's external debt stands at $91.8 billion, with total public debt at $286.8 billion, against an economy of $410 billion.
• This move follows other bailouts from Saudi Arabia ($5B), China ($4B), and UAE ($3B), and a recent PIA privatization.

Why It Matters: Pakistan is selling strategic assets like Fauji Foundation to UAE to manage its severe debt crisis.