According to a State Bank spokesperson, this amount was
deposited in Pakistan’s account as a safe deposit by the United Arab Emirates
(UAE).
It should be remembered that Pakistan made its global
payments on time last week, and timely receipts did not have much impact on
foreign exchange reserves.
Pakistan paid off Eurobonds worth about Dh1 billion and
matured deposits worth $2 billion, sold Eurobonds worth Rs500 million, and
received a deposit of $2 billion from Saudi Arabia.
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