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ISLAMABAD: Deposits of the United Arab Emirates (UAE) at the State Bank of Pakistan (SBP) exceeded $2 billion, Finance Minister Ishaq Dar announced on Wednesday, ARY News reported on Wednesday.
The finance minister tweeted that the Abu Dhabi Fund for Development (ADFD) had carried forward its $2 billion deposit with the State Bank of Pakistan (SBP).
Abu Dhabi Fund for Development (ADFD) Carried Forward Deposits
$2 billion with State Bank of Pakistan, upon discussion #afternoon @CMShehbaz Last week, I paid an official visit to 🇦🇪 with His Royal Highness the President of the United Arab Emirates!
Long live Pakistan-UAE Friendship!– Ishaq Dar (@MIshaqDar50) January 18, 2023
Ishaq Dar emphasized that Prime Minister Shehbaz Sharif discussed the transition with United Arab Emirates (UAE) President Sheikh Mohammed bin Zayed al-Nahyan during his recent visit to the country.
It is necessary to mention the prime minister here Sheikh Baz Sharif meets UAE President Sheikh Mohamed bin Zayed Al Nahyan said on January 12 that the latter agreed to roll over an existing $2 billion loan and provide an additional $1 billion.
The two leaders also agreed to deepen investment cooperation, promote partnerships and create opportunities for investment integration between the two countries.
Sheikh Mohamed bin Zayed welcomed Prime Minister Sharif to Abu Dhabi and wished Pakistan progress and prosperity.
He praised the historic relationship between the two countries and the valuable contributions made by the Pakistani community in the UAE.
The Prime Minister thanked the UAE President for inviting him to visit the brotherly country.
The two leaders discussed the fraternal ties that exist between Pakistan and the UAE; and explored ways and means to further strengthen these ties, especially in the areas of trade, investment and energy.
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