KARACHI: The Abu Dhabi
fund for Development (ADFD) on Tuesday pledged a much-awaited $3 billion through a
deposit into the
State Bank of
Pakistan (SBP) to ease the country’s foreign currency shortages.Mohammed Saif Al Suwaidi, director general of ADFD, signed an agreement, outlining the terms of the
deposit with Tariq Bajwa, SBP Governor, in the United Arab Emirates’ (UAE) capital Abu Dhabi.Moazzam Ahmad Khan, Ambassador of
Pakistan to the UAE, Khalifa Al Qubaisi, deputy director general of ADFD, and other senior representatives of the two countries attended the signing ceremony.
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