Finance Minister Ishaq Dar has said that Pakistan has received $1 billion from the United Arab Emirates (UAE) as part of its financial commitment to help secure the International Monetary Fund’s (IMF) bailout package.
“We have received $1 billion from the UAE. The UAE has deposited the amount into a State Bank account,” the financial monarch announced in a televised media address on Wednesday.
Later in a tweet, Dar said that the inflows from the UAE have further increased the country’s forex reserves held by the SBP “and will accordingly be reflected in the forex reserves position for the week ending 14th July 2023”.
On behalf of Prime Minister Shehbaz Sharif, Army Chief General Asim Munir and the people of Pakistan, the Federal Minister extended heartfelt thanks to the leadership of the UAE for their great cooperation and support by granting a $1 billion deposit with the State Bank of Pakistan . ,
More to follow…