Islamabad January 18 2023: UAE successfully rolled over USD 2 billion with State Bank of Pakistan Says finance Minister.
"Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of
$2 billion with State Bank of Pakistan, as discussed by Prime Minister Shehbaz Sharif with His Highness the President of UAE during last week’s official visit to UAE.
Long live Pak-UAE friendship!" Says Pakistan Finance Minister Ishaq Dar.
Earlier, The President of the UAE agreed to roll over the existing loan of US$ 2 billion and provide US$ 1 billion additional loan.
Both sides agreed to deepen the investment cooperation, stimulate partnerships and enable investment integration opportunities between the two countries.
Leader of both nations also expressed satisfaction over the pace of steady progress in bilateral relations. They agreed on the importance of enhanced bilateral exchanges and regular dialogue at all levels to further solidify and provide momentum to the relationship.