ISLAMABAD: The State Bank of Pakistan (SBP) has said that the UAE government has extended the maturity of a $2 billion loan to Pakistan, here on Thursday.
According to a statement by the State Bank, the United Arab Emirates has confirmed the extension of its $2 billion deposits with the Central Bank of Pakistan for another year. These deposits were due to mature this month.
Meanwhile, according to data released by the State Bank, the foreign exchange reserves with the State Bank of Pakistan stood at $11.72 billion in the week ending January 10, while those with commercial banks stood at $4.72 billion.
