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Thursday, January 16, 2025

Home Business UAE rolls over $2 billion deposits with Pakistan for one year

UAE rolls over $2 billion deposits with Pakistan for one year

by Staff Report
January 16, 2025
in Business, Featured

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KARACHI – The United Arab Emirates (UAE) has rolled over deposits of $2 billion placed with the State Bank of Pakistan (SBP) for another one year.

Two deposits of $1 billion reach were maturing in January 2025.

The SBP has confirmed the development on Thursday. “UAE has confirmed rollover of its two deposits of US$1.0 billion each placed with State Bank of Pakistan for another one year, which were maturing in January 2025”, reads the press release issued by the central bank on Thursday evening.