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.

READ  Christchurch mosque shootings: Hundreds accumulate in London's Trafalgar Square for vigil

Leave a Reply

Your email address will not be published. Required fields are marked *