ABU DHABI: Pakistan and the United Arab Emirates signed a US$3 billion support package on Tuesday.

According to the package, which would be signed in a ceremony scheduled in Abu Dhabi, the UAE will deposit $3 billion in the State Bank of Pakistan to support the countrys financial and monetary policy.

The amount is expected to be paid to Pakistan in three installments.

This is part of a $6.2 billion support package from UAE to Pakistan to help address the economic crisis of balance of payments.