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Pakistan has expressed hopes to repay the remaining $1.5 cardinal of the full $3.5 cardinal indebtedness to UAE by April 23. This comes up of an expected $1.2 cardinal disbursement from the International Monetary Fund (IMF), pursuing caller discussions successful Washington.Spokesperson for the State Bank of Pakistan, country's cardinal slope told PTI, “Pakistan has repaid $2 cardinal of a $3.5 cardinal fund, which was placed by the United Arab Emirates with the State Administration of Foreign Exchange (SAFE) deposit with the cardinal bank.”“The magnitude of $2 cardinal was transferred to the UAE pursuing the maturity of deposits held by the State Bank. The remaining magnitude has to beryllium paid by April 23,” helium said.Earlier this week, the Saudi Fund for Development deposited $2 cardinal of its $3 cardinal enactment with the State Bank of Pakistan.The cardinal slope spokesperson added that Pakistan’s overseas speech reserves had remained dependable owed to ongoing inflows into the fiscal system.Meanwhile, successful a abstracted update, Pakistan's concern curate Muhammad Aurangzeb said successful Washington that the state is anticipating a $1.2 cardinal merchandise nether the Staff Level Agreement (SLA) reached with the IMF aft caller negotiations successful the US capital.
He said the IMF Executive Board is expected to conscionable successful mid-May successful Washington to reappraisal the agreement, which would wide the adjacent tranche nether the programme.The UAE had earlier extended $3.5 cardinal to enactment Pakistan’s equilibrium of payments position, with the statement rolled implicit until recently. However, reports earlier this period suggested the UAE sought contiguous repayment of funds pursuing determination developments successful the Middle East aft the US-Israel launched associated strikes connected Iran.In parallel, Saudi Arabia has besides moved to enactment Pakistan’s outer financing needs. The Saudi Fund for Development has signed an statement with the SBP allowing an hold successful the maturity of a $3 cardinal deposit. On Thursday, it deposited $2 cardinal of that full with the cardinal bank, providing further enactment to Pakistan’s reserves.“The agreement, signed betwixt the SaudiA Fund for Development (SFD) and the State Bank of Pakistan (SBP), provides for the hold successful the maturity of a $3 cardinal deposit placed by SFD with the State Bank of Pakistan,” said a station connected X by the ministry of finance.Officials said Pakistan has been paying astir 6 per cent involvement connected the UAE-linked funds. The deposit arrangements were antecedently rolled implicit connected a yearly basis, but successful December 2025, the word was archetypal extended for 1 period and past for 2 months until April 17.Pakistan's pending billsFor the existent fiscal year, Pakistan requires astir $12 cardinal successful outer deposit rollovers, including $5 cardinal from Saudi Arabia, $4 cardinal from China, and $3 cardinal from the UAE.According to authoritative figures, Pakistan’s overseas speech reserves stood astatine $16.4 cardinal arsenic of March 27, a level authorities said was capable to screen astir 3 months of imports. The latest repayment to the UAE comes arsenic the state continues to negociate unit connected its outer fiscal position.
