'UAE aims to strengthen Pakistan's fiscal, monetary policy'
Prime Minister Imran Khan has thanked UAE government for supporting Pakistan.
ISLAMABAD (Dunya News) – The United Arab Emirates (UAE) embassy in Pakistan in a statement on Friday said that the $3 billion deposit in the State Bank of Pakistan from the Abu Dhabi Fund for Development aims to strengthen Pakistan s fiscal and monetary policy in addition to the financial stability of Pakistan.
The support of the UAE to Pakistan is based on the historical relations between the two peoples and the social and cultural ties that unite the two countries through the centuries, while the bilateral relations manifest the broader horizons of cooperation in various fields, the statement said.
Earlier, the United Arab Emirates has announced its intention to deposit $3 billion in the State Bank of Pakistan to support the financial and monetary policy of the Islamic Republic of Pakistan.
The Abu Dhabi Fund for Development said, in a statement on Friday, that it will deposit the said amount in the coming days to enhance liquidity and monetary reserves of foreign currency at the Bank.
Meanwhile, Prime Minister Imran Khan has thanked UAE government for supporting Pakistan. He said the UAE’s move reflects our commitment and friendship that has remained steadfast over the years.
