Islamabad, July 12 (Online): Finance Minister Ishaq Dar announced on Wednesday that the United Arab Emirates (UAE) has deposited $1 billion to the State Bank of Pakistan, saying that it would boost the country’s reserves.
Taking to twitter Ishaq Dar said State Bank of Pakistan (SBP) has received today a deposit of $1 billion from United Arab Emirates. This inflow has further increased forex reserves held by SBP and will accordingly be reflected in the forex reserves position for the week ending 14July2023.
He also thanked UAE in his another tweet “On behalf of PM , COAS, myself and the People of Pakistan, I extend our heartfelt thanks to the leadership of United Arab Emirates for their great gesture and support by placing said deposit of $1 billion with State Bank of Pakistan.
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