Pakistan rejects misleading claims on UAE deposits return
ISLAMABAD, APR 4 /DNA/ – The Ministry of Foreign Affairs categorically rejects the recent misleading and unfounded commentary regarding financial deposits from the United Arab Emirates (UAE) held with the State Bank of Pakistan (SBP). The deposits were placed under bilateral commercial agreements, demonstrating the UAE’s strong support for Pakistan’s economic stability and prosperity. Accordingly, pursuant to mutually agreed terms, the Government of Pakistan, through the SBP, is now returning the matured deposits to the UAE. This is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading. Pakistan and the UAE share a longstanding,Read More
