Another $1bn from UAE got: State Bank of Pakistan

KARACHI: Pakistan has gotten another $1 billion from the United Arab Emirates on Tuesday, said the State Bank of Pakistan.

This was second tranche of $3bn guaranteed by the Emirates.

The SBP on March 9 announced it had consented to an arrangement with the Abu Dhabi Fund for Develop­ment (ADFD) for $2bn which would be set in its record.

Pakistan had effectively gotten the primary tranche of $1bn in January as a major aspect of the concurrence with ADFD.

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