The Foreign Office has firmly rejected what it termed misleading commentary regarding financial deposits held by the United Arab Emirates.
A spokesperson said the return of these deposits was a routine financial transaction and portraying it otherwise was deceptive.
In a statement, the spokesperson said the ongoing discussion about the UAE’s financial deposits was baseless and contrary to facts. The deposits placed by the United Arab Emirates in the State Bank of Pakistan (SBP) formed part of bilateral financial arrangements. The government of Pakistan is returning these funds upon maturity, in accordance with agreed terms. The repayment of deposits is a standard financial practice, and any attempt to present it differently is misleading.
The spokesperson emphasised that Pakistan and the UAE share long-standing and fraternal relations. Strategic cooperation continues across multiple sectors, including trade, investment and defence. These ties have stood the test of time and have strengthened with each passing year.
He added that the people of Pakistan hold in high regard the role of the late Sheikh Zayed bin Sultan Al Nahyan in fostering Pakistan-UAE friendship. Pakistan remains committed to further strengthening its close relations with the UAE.
