FO rejects ‘misleading, unfounded’ commentary regarding financial deposits from UAE

The Foreign Office (FO) on Saturday rejected “misleading and unfounded commentary” regarding financial deposits from the United Arab Emirates (UAE), saying this was a “routine transaction”. A senior Pakistani official had said on Friday that the country had decided to return $3.5 billion in debt to the UAE before the end of this month. According to the official, Abu Dhabi had sought the immediate return of the amount. These funds were part of external financing support extended by the UAE in 201...