Abu Dhabi/Islamabad – Pakistan has categorically denied misleading comments regarding financial deposits made by the United Arab Emirates and held at the State Bank of Pakistan.
The Pakistani Foreign Ministry, in a statement issued from Islamabad on Saturday, April 4, 2026, said that these deposits were made within the framework of bilateral trade agreements. Additionally, it added that these arrangements reflect the UAE’s support for economic stability and prosperity in Pakistan.
The ministry explained that the Pakistani government, through the State Bank of Pakistan, has begun returning the maturing deposits to the UAE. Furthermore, it confirmed that this step is being taken in accordance with the terms agreed upon by both countries.
The statement emphasized that this was a routine financial transaction. It also asserted that any attempt to interpret this action otherwise was incorrect and misleading.
In the same context, the ministry noted that Pakistan and the UAE share long-standing fraternal relations. These relations are based on trust and strategic cooperation in the areas of trade, investment, and defense. In addition, there are close ties between the two peoples.
The Pakistani Foreign Ministry added that this partnership has grown stronger over time. It also affirmed that the Pakistani people appreciate the historic role played by the late Sheikh Zayed bin Sultan Al Nahyan in establishing the friendship between the two countries. Furthermore, they appreciate his special affection for Pakistan.
In closing, Pakistan reaffirmed its commitment to further strengthening this long-standing relationship with the UAE. This is in service of a shared future based on cooperation and prosperity.
