LONDON: Pakistan’s Foreign Office on Saturday dismissed what it described as “misleading and unfounded” claims surrounding the repayment of financial deposits to the UAE, stressing the move was part of routine financial arrangements.
The response followed reports on Friday citing a senior Pakistani official who said Islamabad planned to return $3.5 billion to Abu Dhabi by the end of the month.
The funds were part of financial support extended by the UAE in 2019 to help stabilize Pakistan’s balance of payments.
According to a Pakistani Foreign Office post on X, the deposits had been made under bilateral commercial agreements reflecting the UAE’s continued backing of Pakistan’s economic stability.
The post said that the repayment, being handled through the State Bank of Pakistan, was taking place in line with agreed terms after the deposits reached maturity.
