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Pakistan has labeled as ‘unfounded and deceptive’ recent remarks about financial deposits made by the United Arab Emirates with the State Bank of Pakistan, asserting that the money is being refunded through regular financial processes.

In an official statement released from Islamabad, the Ministry of Foreign Affairs dismissed rumors of any issues, stating that the deposits were made via bilateral commercial agreements and are currently being returned according to the agreed-upon conditions upon maturity.

A representative from the Foreign Office stated that these deposits indicate the UAE’s ongoing economic backing of Pakistan and highlighted that their repayment is a standard procedure managed by the central bank. The statement clarified that describing the process as unusual or alarming is incorrect.

The explanation comes after public discussion that challenged the timing and type of repayment, which officials stated resulted from misinterpretations of typical financial agreements between nations.

Pakistan also emphasized its robust and long-standing relationship with the UAE, pointing to collaboration in areas such as trade, investment, defense, and cultural exchanges. It characterized the relationship as firmly established on trust and mutual respect, emphasizing its ongoing strategic significance.

Honors were also extended to Sheikh Zayed bin Sultan Al Nahyan for his essential part in fostering strong diplomatic ties, with emphasis on how his influence still guides the collaboration.

Authorities emphasized Pakistan’s dedication to enhancing cooperation with the UAE, with an emphasis on mutual economic growth and regional security.

Provided by SyndiGate Media Inc.Syndigate.info).