ISLAMABAD, Saturday, April 4, 2026 (WNP): The Ministry of Foreign Affairs on Saturday categorically dismissed recent commentary suggesting irregularities regarding financial deposits from the United Arab Emirates (UAE) held with the State Bank of Pakistan (SBP).

In an official statement, the ministry’s spokesperson said the deposits were placed under bilateral commercial agreements, reflecting the UAE’s strong support for Pakistan’s economic stability.

“Pursuant to mutually agreed terms, the Government of Pakistan, through the SBP, is now returning the matured deposits to the UAE. This is a routine financial transaction, and any attempt to portray it otherwise is erroneous and misleading,” the statement added.

The spokesperson reaffirmed that Pakistan and the UAE share a longstanding fraternal partnership, encompassing trade, investment, defence, and people-to-people ties. He also highlighted the pivotal role of the late Sheikh Zayed bin Sultan Al Nahyan in strengthening this enduring friendship. “Pakistan remains fully committed to further strengthening this relationship for a shared, prosperous future,” he said.

Separately, journalist and politician Mushahid Hussain Sayed commented on the matter, describing Pakistan’s action as supporting UAE brothers in distress.

He noted that the $3.5 billion loan from the UAE had been provided at a time when the UAE itself was heavily committed, including pledges to President Trump and roles in Sudan andYemen.

Sayed also cautioned that the UAE should remain vigilant given regional dynamics, citing India’s expanding influence and the presence of a large Indian population in the Emirates.

The clarification from the Foreign Ministry comes amid growing attention to Pakistan-UAE economic ties and reflects Islamabad’s efforts to maintain transparency and strengthen bilateral relations.