BAKU, Azerbaijan, April 4. Pakistan’s Foreign Office on Saturday dismissed what it described as “misleading and unfounded” claims surrounding the repayment of financial deposits to the UAE, stressing the move was part of routine financial arrangements TurkicWorld reports via arabnews.
The response followed reports on Friday citing a senior Pakistani official who said Islamabad planned to return $3.5 billion to Abu Dhabi by the end of the month.
The funds were part of financial support extended by the UAE in 2019 to help stabilize Pakistan’s balance of payments.
According to a Pakistani Foreign Office post on X, the deposits had been made under bilateral commercial agreements reflecting the UAE’s continued backing of Pakistan’s economic stability.
The post said that the repayment, being handled through the State Bank of Pakistan, was taking place in line with agreed terms after the deposits reached maturity.
“This is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading,” the statement said.
The ministry also highlighted the strength of ties between Pakistan and the UAE, describing the relationship as longstanding and rooted in trust, with cooperation spanning trade, investment, defense and people-to-people links.
Pakistan continues to value the historic role played by Sheikh Zayed bin Sultan Al-Nahyan in building close relations between the two countries, the ministry said.
It added that Islamabad remained committed to “further strengthening this enduring relationship for a shared, prosperous future.”
