Pakistan has repaid $2 billion to the United Arab Emirates after returning funds that had been placed as a State Administration of Foreign Exchange (SAFE) deposit with the State Bank of Pakistan (SBP), the central bank confirmed on Saturday.
The repayment reflects Pakistan’s fulfilment of its financial obligations to friendly countries that had extended support through deposit arrangements.
Such deposits from partner countries have historically played an important role in stabilizing Pakistan’s external account and strengthening investor confidence while the country navigates economic reforms and related loan programs.
No further details were disclosed by the central bank regarding renewal arrangements or future deposit placements.
