Categories: Pakistan

Pakistan receives $1bln from UAE: Bilal Kayani

Islamabad: Coordinator to the Prime Minister on Economy and Energy Bilal Azhar Kayani said on Wednesday that Pakistan received a $1 billion deposit from the United Arab Emirates (UAE).

“In addition to the $2 billion received from Saudi Arabia announced yesterday, Pakistan has received a $1 billion deposit from the UAE today”, which would further strengthen Pakistan’s foreign exchange reserves, he said in a tweet.

The PM’s coordinator sad more inflows were expected soon including from the International Monetary Fund (first tranche of Stand-By Arrangement after IMF Board approval) and multilateral development partners.

Web Desk

Recent Posts

Pakistan Clinches Historic ODI Series Victory Over Australia After 22 Years

In a stunning performance, Pakistan defeated Australia by eight wickets in the third and final…

2 hours ago

Ambassador Tirmizi strengthens cultural and literary collaboration at SIBF

SHARJAH: Pakistan’s Ambassador to the UAE Faisal Niaz Tirmizi attended the Sharjah International Book Fair…

16 hours ago

Mondus Properties debuts in Dubai’s thriving real estate market

DUBAI: Mondus Properties officially launched its operations in Dubai on November 9, marking its entry…

21 hours ago

Ambassador congratulates Pak baseball team on victory against India

ABU DHABI: Pakistan’s Ambassador to the UAE Faisal Niaz Tirmizi has extended heartfelt congratulations to…

21 hours ago

S.M.R.K Welfare Foundation opens dialysis centre

ISLAMABAD: Mrs. Razia Sultana Khan announced the opening of the S.M.R.K Hemodialysis Centre in Rawalpindi.…

22 hours ago

50 more underprivileged children will benefit from free paediatric heart surgeries through Aster Volunteers’ Heart2Heart Cares 2024

DUBAI: Aster Volunteers, the global CSR arm of Aster DM Healthcare, has successfully concluded the…

22 hours ago