The State Bank of Pakistan confirmed that the government has returned $2 billion to the United Arab Emirates, marking a key step in ongoing external debt management between the two countries. Officials explained that the amount was earlier placed with the central bank as a secure deposit arrangement before its scheduled repayment. This development reflects […]
UAE loan
Pakistan in talks with China and KSA to repay UAE loan: report
Pakistan is in talks with Saudi Arabia and China to repay a loan of about $3 billion to the United Arab Emirates (UAE), reported Bloomberg, citing people familiar with the matter. The development comes after Pakistan “failed to reach an agreement with the UAE to roll over the debt for the first time in seven […]
Pakistan to seek rollover of $3 billion UAE loan
ISLAMABAD: The Pakistan government plans to request a rollover of a $3 billion loan from the United Arab Emirates (UAE) ahead of its upcoming maturities, official sources confirmed on Monday. Prime Minister Shehbaz Sharif is expected to write to UAE President Sheikh Mohamed bin Zayed Al Nahyan, seeking extension of the three tranches of the […]