SBP to shortly receive second installment of $2 billion from Abu Dhabi fund

KARACHI: The State Bank of Pakistan (SBP) today signed an agreement with Abu Dhabi Fund for Development (ADFD) for the issuance of second installment of $2 billion.

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The first installment of $1 billion were deposited by Abu Dhabi Fund to SBP in January when the agreement was signed by Abu Dhabi Fund and SBP for placement of a sum of $3 billion.

Foreign Office  has stated that these funds “will help Pakistan achieve financial stability and overcome economic challenges.”

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