Pakistan repays $3.5B UAE debt after Saudi support

Pakistan has completed the repayment of $3.5 billion to the United Arab Emirates (UAE) as part of its external debt obligations, the Pakistani central bank said on Friday, following the inflow of $3 billion in Saudi funds, News.Az reports, citing foreign media. The UAE had provided $2 billion to Pakistan in 2018, which had since…

Ekurhuleni launches new debt relief scheme for struggling residents

The City of Ekurhuleni has called on financially distressed residents to apply for debt rehabilitation under its newly approved revised debt relief and rehabilitation incentive scheme. Executive Mayor Nkosindiphile Xhakaza emphasised that consistent payment for municipal services remains essential to the city’s sustainability and service delivery efforts. “Without revenue, there can be very little service…