Pakistan to Clear Pending USD 1.5 Billion UAE Loan by April 23

Pakistan to clear pending USD 1.5 billion UAE loan by April 23

Pakistan is preparing to repay the remaining USD 1.5 billion of a loan taken from the United Arab Emirates by April 23, according to its central bank. The move comes as part of efforts to manage external debt and maintain financial stability. Officials confirmed that Pakistan has already repaid USD 2 billion out of the total USD 3.5 billion support extended by the UAE. The repayment was made after the funds reached maturity. This repayment was m…

Pakistan to repay USD 1.5 billion UAE loan by April 23; eyes IMF funds

Pakistan plans to repay the remaining USD 1.5 billion of its UAE loan by April 23 while expecting USD 1.2 billion from the IMF

Pakistan to repay USD 1.5 billion outstanding UAE debt by April 23

Pakistan's central bank plans to settle a USD 1.5 billion loan with the United Arab Emirates by April 23. This move follows a USD 2 billion repayment to the UAE, supported by a USD 2 billion deposit from Saudi Arabia. The country anticipates a USD 1.2 billion disbursement from the International Monetary Fund.