UAE deposits $3 billion with State Bank of Pakistan

state-bank-of-pakistan-sbp
The State Bank of Pakistan
Photo: SBP/Abbas Ali Khan

The Abu Dhabi Fund for Development made a $3 billion deposit at the State Bank of Pakistan on January 23. The organisation grants aid on behalf of the UAE government.

The payment was made “to support Pakistan’s economic growth and achieve the long-term objectives of its monetary policy”, the ADFD said in a statement.

Pakistan continues to struggle with balance of payments problems, and is currently negotiating support from the International Monetary Fund. The central bank’s reserves have been

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.