ISLAMABAD — The United Arab Emirates (UAE) has agreed to extend the rollover of a $2 billion loan to Pakistan for an additional month, sources confirmed on Tuesday. Read More: Pakistan negotiates major UAE debt relief Pakistan had requested a longer rollover period for a total of $3 billion, including a $1 billion tranche due to mature in […]
loan rollover
Pakistan negotiates major UAE debt relief
Pakistan has formally asked the United Arab Emirates to extend repayment of $2.5 billion in loans for two years. The request includes lowering interest rates by nearly half, covering a $450 million facility dating back 30 years. Prime Minister Shehbaz Sharif confirmed the rollover agreement during the UAE president’s recent visit, though the exact duration […]