Giving good news for strengthening the Pakistani economy, Federal Minister for Finance Ishaq Dar Wednesday confirmed that Pakistan has received one billion dollars from United Arab Emirates (UAE).
According to the 24News HD TV channel, the federal finance minister while giving a speech in Islamabad on Wednesday confirmed that the UAE has transferred one billion dollars to the account of the State Bank of Pakistan.
He said on behalf of the Prime Minister and the Army Chief, he was grateful to the UAE leadership for depositing one billion dollars to the State Bank of Pakistan's account.
Finance Minister Ishaq Dar said after receiving the amount from the UAE and Saudi Arabia, Pakistan's foreign exchange reserves have increased by 3 billion dollars in just 2 days.
The federal finance minister also confirmed that yesterday, two billion dollars were received from Saudi Arabia which supported the Pakistani economy to be strengthened.
It is worth mentioning here that Saudi Arabia deposited $2 billion with the State Bank yesterday (Tuesday, July 11, 2023) and Prime Minister Shehbaz Sharif has expressed his gratitude to the leadership of the Kingdom of Saudi Arabia for the two billion dollars deposit with the State Bank of Pakistan, saying it reflects the growing confidence of our brotherly countries and the international community in Pakistan’s economic turnaround.
While Ishaq Dar in his tweet posted on Tuesday wrote: “State Bank of Pakistan (SBP) has received a deposit of $2 billion from the Kingdom of Saudi Arabia. This inflow has increased the forex reserves held by SBP and will accordingly be reflected in the forex reserves for the week ending 14 July 2023.
“On behalf of PM Shehbaz Sharif and COAS Gen Asim Munir, myself and the People of Pakistan, I extend our heartfelt thanks to the leadership of the Kingdom of Saudi Arabia for their great gesture and support by placing said deposit of $2 billion with State Bank of Pakistan!”