UAE signs $3 billion support package for Pakistan

The UAE has finalised an economic package worth over AED 11 billion ($3 billion) for Pakistan, which was announced last month.

It will help ease pressure on the country’s currency and support its monetary policy.

The Abu Dhabi Fund for Development (ADFD) will deposit the amount in the State Bank of Pakistan.

An agreement was signed between the sides at the ADFD headquarters in Abu Dhabi on Tuesday.

To date, ADFD has provided AED 1.5 billion to fund sustainable development projects in Pakistan spanning diverse sectors, including transport, water and agriculture, healthcare, and education.

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