Islamabad (Web Desk): Finance Minister Ishaq Dar has confirmed that the Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2 billion with the State Bank of Pakistan (SBP).
“Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2billion with State Bank of Pakistan, as discussed by PM Shehbaz with His Highness the President of UAE during last week’s official visit to UAE! Long live Pak-UAE friendship!,” Dar said in a tweet.
On January 12, the UAE agreed to lend $1 billion to Pakistan and roll over an existing $2 billion loan, the country's information minister had said, as the country's central bank foreign reserves fell to just three weeks' worth of imports.