UAE extends $2b deposit to Pakistan for another year
Business
The extension will support the country‘s foreign exchange reserves
KARACHI (Dunya News) – The United Arab Emirates has extended the duration of its $2 billion deposit for Pakistan by one year, according to the State Bank of Pakistan.
The deposit, which was set to mature today, has been renewed to help Pakistan manage financial pressures and strengthen its economic position.
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The extension will support the country‘s foreign exchange reserves and contribute to economic stability.
