$3B from UAE will help meet fiscal challenges: Pakistan.

The reciprocated nurturing of friendly ties between the UAE and Pakistan was at the forefront on Tuesday, when Abu Dhabi Fund for Development, ADFD, and State Bank of Pakistan, SBP, signed an agreement to help Islamabad overcome its current account challenges. Tariq Bajwa, Governor of the SBP, who signed the agreement in Abu Dhabi, to formalise an $3 billion (Dh11 billion) deposit into the central bank of Pakistan, said, "It will help us in meeting current account challenges." In 2018, the UAE announced to deposit $3 billion with the State Bank of Pakistan, under the directives of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE...