State Bank of Pakistan and Abu Dhabi Fund for development sign agreement for $ 2.0 Billion Deposit

March 9, 2019 (MLN): The Agreement for the placement of the second tranche of US$ 2.0 billion by Abu Dhabi Fund for Development (ADFD) with the State Bank of Pakistan (SBP) has been signed between the SBP and the ADFD.

According to a statement released by the Central Bank, these funds are expected to be received shortly by SBP. It may be recalled that the first tranche of US$ 1.0 billion has already been received by SBP in January 2019.

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Posted on: 2019-03-09T15:15:00+05:00