Pakistan pledges US$10m loan for Maldives military
Speaking to reporters last night upon his return from a four-day official visit to Pakistan, Defence Minister Adam Shareef Umar said the loan will be used to purchase military equipment and two aircraft.
28 May 2016, 9:00 AM
An agreement will be signed with Pakistan next July for a US$10 million credit line facility to strengthen the Maldivian military, Defence Minister Adam Shareef Umar revealed Friday evening.
Speaking to reporters at the international airport upon his return from a four-day official visit to Pakistan, Shareef said the loan will be used to purchase military equipment and two aircraft.
“Our aim is to obtain two aircraft to be used in training and surveillance with the help of the credit facility before the end of the year,” he said.
Shareef added that the funds will also be used to buy a cargo vessel this year.
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