KARACHI: Abu Dhabi has agreed to deposit US$2 billion to the State Bank of Pakistan as part of its agreement to loan $3 billion to Pakistan.

Abu Dhabi has agreed to deposit US$2 billion to the State Bank of Pakistan as part of its agreement to loan $3 billion to Islamabad.

The agreement was signed between State Bank of Pakistan (SBP) and Abu Dhabi Fund for Development (ADFD) on Saturday.

In December, the UAE announced a $3 billion bailout package for Pakistan to overcome its balance of payment issue under the Abu Dhabi Fund for Development.

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