$3 billion to be deposited in State Bank of Pakistan from friendly country in coming days: Sources
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ABU DHABI - Sheikh Mohammed bin Rashid Al Maktoum, the United Arab Emirates ruler has announced its intention to deposit US$3 billion (equivalent to AED11 billion) in the State Bank of Pakistan to support its financial and monetary policy, Emirates News Agency said Friday.
The Abu Dhabi Fund for Development said, in a statement, that it will deposit the said amount in the coming days to enhance liquidity and monetary reserves of foreign currency at the central bank.
The country's support for Pakistan's fiscal policy is based on the historical ties between the two people and the two friendly countries and the desire to further develop the bilateral cooperation in all fields.
