Islamabad (Web Desk): The Ministry of Foreign Affairs (MoFA) categorically rejected recent misleading and unfounded claims concerning financial deposits from the United Arab Emirates (UAE) held with the State Bank of Pakistan (SBP).
The ministry’s spokesperson stated, “The deposits were placed under bilateral commercial agreements, demonstrating the UAE’s strong support for Pakistan’s economic stability and prosperity. Accordingly, pursuant to mutually agreed terms, the Government of Pakistan, through the SBP, is now returning the matured deposits to the UAE. This is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading.”
He emphasized the depth of the Pakistan-UAE relationship, saying, “Pakistan and the UAE share a longstanding, fraternal partnership built on trust and strategic cooperation across trade, investment, defence, and people-to-people ties. This relationship has stood the test of time and has grown stronger with each passing year. The people of Pakistan warmly cherish the pivotal role played by the late Sheikh Zayed bin Sultan Al Nahyan, in forging this enduring friendship, as well as his special affection for Pakistan.”
“Pakistan remains fully committed to further strengthening this enduring relationship for a shared, prosperous future,” the spokesperson said.