Islamabad: Pakistan has categorically rejected the recent misleading and unfounded commentary regarding financial deposits from the United Arab Emirates held with the State Bank of Pakistan.

According to Radio Pakistan, Spokesperson of the Ministry of Foreign Affairs, Tahir Andrabi, stated that the deposits were placed under bilateral commercial agreements, demonstrating the UAE’s strong support for Pakistan’s economic stability and prosperity.

The Spokesperson further explained that pursuant to mutually agreed terms, the Government of Pakistan, through the SBP, is now returning the matured deposits to the UAE. He emphasized that this is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading.

Tahir Andrabi highlighted the longstanding, fraternal partnership between Pakistan and the UAE, built on trust and strategic cooperation across trade, investment, defence, and people-to-people ties. This relationship has stood the test of time and has grown stronger with each passing year.

He also expressed the warm sentiments of the people of Pakistan towards the UAE, recalling the pivotal role played by the late Sheikh Zayed bin Sultan Al Nahyan in forging this enduring friendship and his special affection for Pakistan.

The Spokesperson underscored Pakistan’s full commitment to further strengthening this enduring relationship for a shared, prosperous future.