UAE strengthens Pakistan’s foreign exchange reserves with $1 billion deposit

 

The United Arab Emirates has deposited $1 billion with Pakistan's central bank to support foreign exchange reserves, Pakistan's Finance Minister Ishaq Dar said on Wednesday.

Addressing a press conference he said that SBP as Federal Reserve Bank, has also confirmed and said that an amount of $1 billion had been received from the brotherly United Arab Emirates as this inflow would further increase foreign exchange reserves, held by the SBP.