ISLAMABAD: The United Arab Emirates (UAE) has also rolled over Pakistan’s deposits worth $2 billion. In this regard, State Bank of Pakistan officials say that the United Arab Emirates (UAE) has confirmed the rollover of two of its deposits of $1 billion each.
State Bank officials say that the United Arab Emirates has confirmed the rollover of two deposits of $1 billion held with the State Bank of Pakistan for another year, which were maturing in January 2025.
Prime Minister Shehbaz Sharif had informed the nation about the loan rollover earlier this month. It should be noted that while addressing the federal cabinet meeting, Prime Minister Shehbaz Sharif shared the details of his meeting with United Arab Emirates (UAE) President Sheikh Mohammed bin Zayed Al Nahyan in Rahim Yar Khan.
According to the Prime Minister, during the meeting, Al Nahyan assured further investment in Pakistan. Al Nahyan has rolled over the payment of a $2 billion loan that was due in January.