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Tuesday, November 5, 2024

Home Business UAE rolls over $2bn deposits with Pakistan

UAE rolls over $2bn deposits with Pakistan

by Staff Report
January 17, 2024
in Business, Featured, Pakistan

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KARACHI – The United Arab Emirates (UAE) has confirmed rollover of its two deposits of $1 billion each placed with the State Bank of Pakistan (SBP).

The central bank has confirmed this development in a post shared on micro-blogging platform X (former Twitter) on Wednesday.

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 2024.#SBP

— SBP (@StateBank_Pak) January 17, 2024