Foreign Ministry rejects misleading comments on UAE financial deposits, reaffirms strong partnership
ISLAMABAD: The Ministry of Foreign Affairs of Pakistan has firmly rejected recent misleading and unfounded commentary regarding the financial deposits from the United Arab Emirates (UAE) that are held with the State Bank of Pakistan (SBP). In an official statement, the Ministry clarified that the UAE’s deposits were placed with Pakistan under bilateral commercial agreements aimed at promoting economic stability.
The statement explained that these deposits are being returned to the UAE as part of a routine financial transaction, in accordance with mutually agreed terms. This is a standard procedure, and any attempt to mischaracterize it is erroneous and misleading, the Ministry emphasized.
Pakistan’s relationship with the UAE is grounded in a long-standing partnership, which has been strengthened over decades through strategic cooperation in key areas including trade, investment, defense, and cultural exchanges. The Ministry reaffirmed that both countries share a bond based on trust and mutual respect.
The statement also highlighted the significant role played by the late Sheikh Zayed bin Sultan Al Nahyan in nurturing this enduring relationship. His deep affection for Pakistan continues to be valued by the Pakistani people, who hold the UAE in high esteem.
Pakistan remains committed to further enhancing this vital partnership and working toward a shared and prosperous future. The government emphasized that both nations continue to collaborate closely on regional and international issues, with a mutual focus on strengthening economic ties and promoting stability in the region.
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