Pakistan has repaid $2 billion to the United Arab Emirates (UAE), confirming the payment by the State Bank of Pakistan (SBP) on Saturday. This is part of a broader plan to clear $3.5 billion in debt within April, with an additional $1 billion due on April 23.
Despite the large outflow, the SBP stated that this repayment would not impact the country’s foreign exchange reserves. Arrangements for external payments are in place, and the bank stressed that reserves would remain stable and obligations are being met on time.
The loan, extended by UAE in 2019 to support Pakistan’s balance of payments during economic stress, was initially scheduled for monthly repayments starting April 11 with $450 million, followed by $2 billion on April 17, and the final installment due on April 23.
Global perceptions of the US have worsened for the second year running and are now…
Pakistan Armed Forces Release Documentary on Mark-e-Haq Victory A special documentary showcasing modern warfare capabilities…
Shakira Unveils Official Song for 2026 World Cup Colombian singer Shakira announced the official song…
Aga Khan Foundation Pakistan, in partnership with Bank Alfalah, one of the leading commercial banks…
Pakistan Single Window (PSW) and the Trade Development Authority of Pakistan (TDAP) have officially entered…
British health agency identifies additional suspected case of hantavirus The UK Health Security Agency has…
This website uses cookies.
