UAE formalizes deposit to Pakistan


(MENAFN) Abu Dhabi Fund for Development (ADFD) was announced to have finalized its USD3 billion package to Pakistan.

ADFD is planning to deposit the amount in the State Bank of Pakistan, aiming to help the country's economy.

Director General of ADFD Mohammed Saif Al Suwaidi inked the package pact with the Pakistani bank's director general Tariq Bajwa.

Al Suwaidi stated: "the directive to deposit $3 billion with the State Bank of Pakistan aligns with the UAE leadership's keenness to bolster Pakistan's economy, help its government achieve financial stability, overcome economic challenges and drive comprehensive development in the country."

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