Pakistan has dismissed as “baseless and deceptive” current commentary concerning monetary deposits made by the United Arab Emirates with the State Financial institution of Pakistan, stating that the funds are being returned underneath customary monetary procedures.
In an official assertion issued from Islamabad, the Ministry of International Affairs rejected hypothesis of any irregularities, explaining that the deposits have been positioned by bilateral business agreements and are actually being repaid upon maturity as per agreed phrases.
A spokesperson for the International Workplace famous that these deposits mirrored the UAE’s continued financial help for Pakistan and emphasised that their compensation is a routine transaction dealt with by the central financial institution. The assertion clarified that portraying the method as uncommon or regarding is inaccurate.
The clarification follows public debate questioning the timing and nature of the compensation, which officers stated was primarily based on misunderstandings of normal monetary preparations between international locations.
Pakistan additionally reaffirmed its sturdy and longstanding relationship with the UAE, highlighting cooperation throughout commerce, funding, defence, and people-to-people connections. Describing ties as deeply rooted in belief and mutual respect, the assertion underscored their continued strategic significance.
Tribute was additionally paid to Sheikh Zayed bin Sultan Al Nahyan for his pivotal position in constructing shut bilateral relations, noting that his legacy continues to form the partnership.
Officers reiterated Pakistan’s dedication to additional strengthening engagement with the UAE, specializing in shared financial progress and regional stability.
