Wednesday January 18, 2023

UAE Rolls Over 2 Billion Dollars For Stabilizing Pakistani Economy

Islamabad: A senior officer of Finance Ministry has apprised that Pakistan’s Islamic brotherly country, United Arab Emirates (UAE) has rolled over two billion dollars for stabilizing the Pakistani economy.

It is likely that the UAE will also provide further one billion dollar to improve situation of Pakistan foreign reserves.

The officer apprised the the burden to payments for June this year has now left 11 billion dollars.

After the visit of Prime Minister (PM) Shahbaz Sharif this decision of the UAE government has surfaced.

Finance Minister Ishaq Dar was expecting again and again to get three billion dollars from the friendly state. At that time the State Bank of Pakistan (SBP) had 4.5 billion dollars foreign reserves.

The SBP has foreign reserves equal to import bill for three weeks which is the lowest level in the last nine years.

The post UAE Rolls Over 2 Billion Dollars For Stabilizing Pakistani Economy appeared first on Karachi News.

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