Pakistan has repaid $2 billion to the United Arab Emirates after returning funds that had been placed as a State Administration of Foreign Exchange (SAFE) deposit with the State Bank of Pakistan (SBP), the central bank confirmed on Saturday.
The central bank spokesperson said the amount was successfully transferred to the UAE following the maturity of deposits previously held with the central bank.
The funds had been maintained as SAFE deposits to support Pakistan’s foreign exchange reserves and external financing position during periods of economic pressure.
The repayment reflects Pakistan’s fulfilment of its financial obligations to friendly countries that had extended support through deposit arrangements.
Such deposits from partner countries have historically played an important role in stabilizing Pakistan’s external account and strengthening investor confidence while the country navigates economic reforms and related loan programs.
No further details were disclosed by the central bank regarding renewal arrangements or future deposit placements.
Hence proved Chachu was not begging and taking loan which also returned. Thank you Chachu for reviving Pakistan Economy.
Who’s chachu ? Trump or munit
yes, good reviving, gave loan back to UAE by taking loan for Saudi’s against bank money security of our labors working there, very well done… :)
That means we are down 2 billion dollars. Congrats
Now i would like to say F|_|CK UAE for licking israeli ass. Zionist puppets
Our Priorities are not good, we are worried about 2 USD billion return but if we provide ease of business to tech companies like iCreativez, Devsinc, ArbiSoft and can create 500+ emerging companies like that who are brining million USD to Pakistan, we can easily 50+ USD earn from abroad countries.