Pakistan rejects misleading reports on UAE deposits, calls transaction routine
Pakistan clarifies UAE deposit repayment is routine, reaffirms deep bilateral partnership
Aamir Abbasi
Editor, Islamabad
Aamir; a journalist with 15 years of experience, working in Newspaper, TV and Digital Media. Worked in Field, covered Big Legal Constitutional and Political Events in Pakistan since 2009 with Pakistan’s Top Media Organizations. Graduate of Quaid I Azam University Islamabad.
Pakistan has firmly rejected what it described as “misleading and unfounded” commentary regarding financial deposits placed by the United Arab Emirates with the State Bank of Pakistan, clarifying that the matter concerns routine financial arrangements.
In a statement issued Saturday, the Ministry of Foreign Affairs said the deposits were made under bilateral commercial agreements and reflect the UAE’s continued support for Pakistan’s economic stability and growth.
The Foreign Office explained that, according to mutually agreed terms, the Government of Pakistan, through the SBP, is returning the deposits upon maturity.
“This is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading,” the statement emphasized.
Bilateral partnership
Reaffirming the long-standing relationship between the two countries, Pakistan highlighted its fraternal partnership with the UAE, based on trust and strategic cooperation in trade, investment, defense, and people-to-people exchanges.
The statement also paid tribute to the late Sheikh Zayed bin Sultan Al Nahyan for his pivotal role in strengthening ties and his special affection for Pakistan.
Pakistan reiterated its commitment to further enhancing this enduring partnership, aiming for a shared and prosperous future.
Comments
See what people are discussing