ISLAMABAD – APRIL,4 – Pakistan has firmly rejected what it described as “misleading and unfounded” commentary regarding financial deposits made by the United Arab Emirates (UAE) with the State Bank of Pakistan (SBP), emphasizing that the transaction in question is a routine financial matter.
In an official statement, the Ministry of Foreign Affairs clarified that the deposits were placed under bilateral commercial agreements and reflected the UAE’s continued support for Pakistan’s economic stability and growth.
According to the statement, the Government of Pakistan, through the SBP, is now returning the deposits following their maturity, in line with mutually agreed terms. Officials stressed that such transactions are standard financial procedures and should not be misinterpreted.
The Foreign Office underlined that any attempt to portray the repayment as anything unusual or concerning is inaccurate and misleading.
Reaffirming bilateral ties, Pakistan highlighted its longstanding and fraternal relationship with the UAE, built on trust, mutual respect, and strategic cooperation across multiple sectors, including trade, investment, defence, and people-to-people connections.
The statement also paid tribute to the late Sheikh Zayed bin Sultan Al Nahyan for his pivotal role in strengthening Pakistan–UAE relations and fostering a deep-rooted partnership between the two nations.
Pakistan reiterated its commitment to further strengthening this enduring relationship, expressing confidence in a shared and prosperous future for both countries.
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