Finance Minister Ishaq Dar announced on Wednesday that the Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2 billion with the State Bank of Pakistan (SBP).
In a tweet, the minister highlighted that Prime Minister Shehbaz Sharif had discussed the rollover with the United Arab Emirates (UAE) President Sheikh Mohammed bin Zayed al-Nahyan, during his recent visit to the country.
Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of
$2billion with State Bank of Pakistan, as discussed by #PM @CMShehbaz with His Highness the President of UAE during last week’s official visit to 🇦🇪!
Long live Pak-UAE friendship!— Ishaq Dar (@MIshaqDar50) January 18, 2023
It is pertinent to mention here that the UAE President had agreed to roll over the existing loan of $2 billion and provide a $1 billion additional loan.
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